The Importance of Fixed Asset Inventory: How Accurate Tracking Saves Time and Money

The Importance of Fixed Asset Inventory: How Accurate Tracking Saves Time and Money

Why Fixed Asset Inventory Matters Are you losing money due to missing or misreported assets? Many businesses unknowingly suffer from financial discrepancies, compliance risks, and inefficiencies caused by inaccurate fixed asset inventory records. Studies show that...
5 Reasons to Inventory Your Data Center

5 Reasons to Inventory Your Data Center

Knowing which assets are still actually installed (and running) as well as where they are located is crucial for optimizing efficiency in a data center. IT Asset Management entails detailed management of inventory, financial records, and contractual data related to IT...
Fixed Asset Inventory and Reconciliation for Corporate Buyout

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...
Do you have Ghost Assets?

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...

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 and Asset Tracking Industry Focus – Manufacturing

Physical Inventory and Asset Tracking Industry Focus – Manufacturing

Manufacturing companies, regardless of size, typically have a significant investment in capital assets. Regardless of what it is they produce, specialized machinery, tools, equipment, vehicles, etc., are used in daily operations. This is in addition to the everyday...