by Verasset | Jan 6, 2014 | Asset Reconciliation, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
Over the last decade, we have found that at a minimum 50% of fixed asset information is either inaccurate or incomplete. Therefore, the only reliable way to verify and validate fixed asset information is to conduct a physical inventory. All fixed asset inventory data...
by Verasset | Dec 9, 2013 | Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Register, Latest News, Physical Inventory
One important means towards maximizing your investment in performing a fixed asset physical inventory is to include expensed items, in addition to capitalized fixed assets, in the counting process. We recommend that the focus is applied toward expensed items with...
by Verasset | Dec 3, 2013 | Fixed Asset Inventory, Latest News, Physical Inventory, RFID, RFID Labels
The objective in tagging items using RFID is two-fold; first, once affixed, using RFID going forward makes future physical inventory counts much faster and easier to complete. When scanning an RFID tag, line of sight is not necessary and multiple tags can be read...
by Verasset | Nov 7, 2013 | Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Latest News, Physical Inventory
Conducting physical inventory is a difficult task. Counting fixed assets and capital equipment without halting business operations complicates an already difficult activity. Reconciling physical items to logical records can seem like an impossible effort. These...
by Verasset | Nov 6, 2013 | Asset Reconciliation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
Most organizations face significant challenges related to tracking the location, quantity, condition, maintenance and the depreciation status of their fixed assets. Typically fixed assets are recorded and maintained in either a spreadsheet or a fixed asset register...
