Recent Articles

Preparing for a physical inventory count

One of the most important aspects of asset accounting is knowing the physical inventory of all fixed assets. This does include properties, but equipment and parts may have a greater focus, since those can be moved around various offices and warehouses. Inventory accounting software can help manage these stocks in a way that is easy and capable of reconciling any discrepancies. Of course, in order to have an inventory that works, a company should regularly undertake a physical inventory count all throughout the company. Because the task can take a lot of time out of business operations, to avoid mistakes, preparing for the…

Read More

In-vehicle surveillance helps maintain vehicle fleet assets

Vehicle fleet management takes a very specific aspect of fixed assets for many companies and turns it into its own operation. It's more than just about making sure the vehicles are in top shape. There's also the matter of drivers being able to operate the machinery with proficiency, securing the items against theft and vandalism as well as developing measures to minimize insurance liability claims. Security is incredibly important for both vehicles and drivers both inside and while in operation. That's why in-vehicle surveillance cameras are important aspect of any fleet management situation. Spying on everything In-vehicle surveillance takes the form of cameras…

Read More

Understanding periodic inventory systems

There are various ways of performing fixed asset management on different forms of property. This is particularly the case with inventory. The myriad selection of products and goods that are needed for given projects or customer orders have to be considered in some way, so operations can run smoothly. There are different methods of accounting for inventory. Software that is flexible in dealing with data from physical counts can be incredibly useful in ensuring that orders will be completed in time, since that any issues with stocks can be handled with speed. One particular method of assessing inventory on the…

Read More

Lack of trucking equipment to affect the holiday season

The supply chain for the products people purchase on a regular basis can be greatly impacted by fixed assets such as vehicles and other equipment. A fault on a single machine at any point in the chain can easily disrupt operations to the point of bringing everything else down and preventing items from reaching store shelves. It can also cause other problems, such as congestion at seaports and low inventories on needed materials. Even missing a single part can have negative ripple effects on the economy. The recent situation that has appeared on ports across the West Coast of the United States…

Read More

Establishing strong inventory cutoff analysis

Physical inventory counts are an important part of any fixed asset accounting. A consistent count on a continuous basis ensures that the general ledger has a reliable answer when it comes to evaluating the overall property and value of the company. However, completing counts can be a difficult task, simply because the nature of the business means stopping operations long enough to do a count may be impractical. Developing a regular cutoff on inventory receivables can help strengthen a company's control over its assets. Through cutoff analysis and effective planning, an up-to-date value of the company can be attained. Where to stop…

Read More