ASSET LIFECYCLE MANAGEMENT BLOG
Stay tuned for regular updates on all things asset tracking, RFID, bar coding, fixed asset inventory, asset tagging, and moreReconciliation 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...
Reconciliation Entry 6 – Bundled Entries in the Fixed Asset Register
Reconciling physical assets to ledger entries, also known as matching, can take on a variety of forms. In fact, the reason to reorganize and...
ReconciliationMethods
As discussed earlier in this blog series, the first step in reconciliation consists of exact matching of physical assets to logical records using...
Reconciliation and Verification- Issues
The process detailed in the previous blog entry summarizes a common problem faced by many organizations. However, in some cases we have found that...
Reconciliation and Verification – Focus
Reconciliation can be very time consuming and labor intensive, thus expensive. In recognition of this, our next step in the review process is to...
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