A Fixed Asset inventory focuses on identifying, tracking, and managing long-term tangible assets that play a critical role in a company’s day-to-day operations. These assets are not intended for resale, but rather are used in the production of goods and services or in administrative functions. A thorough Fixed Asset inventory ensures accurate financial reporting, compliance with regulations, and effective asset management.
The process includes reviewing and verifying items like machinery, vehicles, office furniture, IT equipment, and building structures. By confirming the existence and condition of these assets, organizations can avoid discrepancies in their financial statements and optimize asset utilization. This inventory also supports strategic planning, budgeting, and risk management by providing a clear picture of an organization’s long-term resources.
Datascan's full-service warehouse capabilities are second to none. We didn't have to worry about the process at all, Datascan came in prepared with supplemental labor for our count, it was a complete success and we didn't have to worry about not having enough people for our count.
Track and verifies long-term tangible assets such as machinery, vehicles, office furniture, and IT equipment
HAVE warehouse QUESTIONS?
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Below are answers to our most frequently asked questions. If you don’t see your question below, contact us for more information.
How can outsourcing warehouse inventory counts benefit a business?
Utilizing third-party services offers objective, professional inventory counts while minimizing internal workload, limiting operational disruptions, and enhancing accuracy and impartiality.
Why is fixed asset tracking important?
Accurate tracking help prevent loss or theft, supports financial audits and depreciation schedules, ensures compliance with accounting standards, and improves asset utilization and planning.
Are your teams trained in handling sensitive or high-value assets?
Yes. Our staff is trained to handle high-value, sensitive, and specialized equipment with care and professionalism, following safety and confidentiality protocols.
Can you inventory assets outside the warehouse (e.g., yard, office, fleet)?
Yes. Our service covers all physical assets throughout your operation including outdoor equipment, office furniture, and mobile assets that fall within your asset register.
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