ASSET LIFECYCLE MANAGEMENT BLOG
Stay tuned for regular updates on all things asset tracking, RFID, bar coding, fixed asset inventory, asset tagging, and moreAsset Management Entry 3 – InformationFlow
Automating asset management activities represents an important control. Typically this relates to the capture and reporting of information. However...
Management Blog Entry 2- Tracking Non-capital/Expensed Assets
In order to identify the classes of expensed/non-capitalized assets to be tracked and included within an asset management program, you must...
Asset Management – Entry 1
The term asset management is used to represent a system of internal controls designed to safeguard and track the property of an organization. Most...
Reconciliation Entry 9 – Conclusion
Generally speaking, a fixed asset register is intended to be used for depreciation reporting – not for tracking physical assets. Consequently, the...
Reconciliation Entry 8 – Establishing Conventions for Bundled FAR Entries
In the last entry, we touched upon register adjustments related to additions. Potential adjustments can also be associated with (but are not limited...
Reconciliation Entry 7 – Additions
In order to reconcile capitalized fixed assets, Verasset must first conduct a physical inventory count. Prior to beginning the physical verification...
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