Year End Reconciliation

As the end of the year approaches, many businesses are looking to finish projects that have been lingering. They’ve put them off all year and now need to get them completed. They also need to spend the money before the year is up. This often includes physical inventory and reconciliation of the fixed asset register. If […]

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What’s happening at Verasset?

Verasset wraps up a busy first quarter completing inventory projects for a diverse customer base. Highlights include completion of: Wall-to-wall physical inventory and asset tagging of medical devices and IT equipment throughout over 350 urgent care clinics and administrative offices in 38 states. Verasset deployed 7 teams across the nation and completed the project in […]

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Physical Inventory for Urgent Care Clinics

Walk-in urgent care clinics are a convenient and time efficient means of getting the health care you need. Between a lack of available primary care appointments and lengthy ER visits, urgent care clinics are in demand. The ability to walk into a clinic with no appointment and see a doctor (often within less than half […]

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Asset Recovery

There are many reasons to periodically conduct a physical inventory of assets. One often overlooked benefit is the potential for asset recovery. Asset recovery often leads to identification of idle assets. Idle assets not only cost money, but represent risk. For example, idle assets are likely not to be missed if they are stolen, whereas […]

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4 Reasons to Inventory Your Data Center

IT Asset Management entails detailed management of inventory, financial records, and contractual data related to the IT asset throughout its life cycle. IT Asset Management is a very complex topic. In this post, we will focus on IT Asset Management in the data center, specifically related to physical inventory verification. Verasset routinely performs physical inventory verification […]

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Fixed Asset Inventory and Reconciliation for Corporate Buyout

Verasset recently completed an in-depth physical inventory and reconciliation project for an automotive dealership. The dealership has been family owned and operated since inception. One of the majority shareholders was looking to sell his shares and get out of the family business. This was a complex negotiation they were looking to resolve quickly. A major […]

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Do you have Ghost Assets?

Do you have Ghost Assets? If you are like nearly 2/3 of businesses, the answer is, probably. Are ghost assets costing you money? Absolutely. It is estimated that at least 65% of companies have ghost assets listed on their general ledger. Based on 11 years of performing fixed asset reconciliation projects, we believe this number […]

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Fixed Asset Management – Getting Started

Over the last 11 years, Verasset clients’ have come to us with a myriad of problems related to tracking and managing their fixed assets. Some come to us with a distinct set of requirements and goals. Others are not quite sure exactly what it is they need or what they should be doing, but they know […]

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June 2014 – Fixed Asset Inventory Projects

Verasset completes several fixed asset inventory projects bringing the second quarter to a close. A few highlights from this month; Verasset completes a fixed asset inventory and reconciliation project for a Ford Dealership. The scope of work entailed conducting a physical inventory of capital and some non-capital fixed assets, reconciliation of the fixed asset register, […]

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