by Verasset | Apr 16, 2013 | Asset Reconciliation, Barcode Labels, Fixed Asset Inventory, Fixed Asset Reconciliation, Latest News
Verasset Corporation is offering a free asset tracking barcode system to customers that purchase their professional inventory services. The limited time promotion is in response to the increase in demand from smaller to mid-sized organizations for affordable barcode...
by Verasset | Mar 18, 2013 | Asset Reconciliation, Fixed Asset Inventory, Fixed Asset Reconciliation, Latest News, Physical Inventory
Reconciling fixed asset financial records can be a daunting task. Multiple record sources are involved including; payables, purchase orders, registers, and the general ledger. A significant hurdle is that more than one person is usually involved. Consequently, record...
by Verasset | Mar 7, 2013 | Asset Reconciliation, Fixed Asset Depreciation, Fixed Asset Inventory, Latest News, Physical Inventory
Capitalized fixed assets are assets that meet or exceed a defined value threshold and are depreciated in value over their useful life. Asset depreciation is usually recorded each month. One common depreciation method is to calculate annual depreciation expense and...
by Verasset | Mar 7, 2013 | Asset Reconciliation, Fixed Asset Inventory, Latest News, Physical Inventory
Establishing proper internal fixed asset controls is pertinent to successfully managing assets. Fixed assets that meet or exceed a stated value threshold should be capitalized and recorded in a fixed asset register. At a minimum, the register should include; cost,...
by Verasset | Feb 21, 2013 | Asset Reconciliation, Barcode Labels, Fixed Asset Register, Latest News, Physical Inventory, Sarbanes-Oxley Act
Verasset has just completed a physical inventory and reconciliation project for a 125 year old manufacturing company. The company is publicly held and is required to conduct a physical inventory every 3 years in order to be compliant with the Sarbanes-Oxley Act (SOX)....
