by Verasset | Jun 24, 2014 | Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
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...
by Verasset | Mar 17, 2014 | Asset Life Cycle, Asset Reconciliation, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory, RFID, RFID Labels
In our last blog post, we discussed the standardized recording of information encoded into the chip of an RFID tag. We will now explore how this information is captured for processing. End users access information encoded into the chip by detecting an RFID tag using...
by Verasset | Feb 28, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
Generally speaking, a fixed asset register is intended to be used for depreciation reporting – not for tracking physical assets. Consequently, the vast majority of registers either don’t accommodate the detail needed to track assets or the personnel who maintain a...
by Verasset | Feb 27, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
In the last entry, we touched upon register adjustments related to additions. Potential adjustments can also be associated with (but are not limited to): Removal of an asset that could not be verified during the physical count (referred to as a write down or write...
by Verasset | Feb 25, 2014 | Asset Appraisal, Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
In order to reconcile capitalized fixed assets, Verasset must first conduct a physical inventory count. Prior to beginning the physical verification task, we compile a list of asset types that will be included in the physical inventory. The results from the physical...
by Verasset | Feb 24, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
Reconciling physical assets to ledger entries, also known as matching, can take on a variety of forms. In fact, the reason to reorganize and categorize asset registers as an initial first step is to aid later on when attempting to compare and match records to assets....
