Inventory Guide

Do you currently perform a fixed asset inventory or personal property count?

We believe is extremely important!

if you do not currently perform a regular equipment inventory, how does your administration or finance department prepare annual reports, accounting for fixed assets and capital equipment, and abide by accounting regulations?

is the "paper & pen" method being used? This is a method where a listing of all assets for a particular building or room is printed and distributed. Then, an individual is responsible for "checking off" each asset identified on the list. if the "paper & pen" method is being used, is the inventory taker independent from the entity responsible for the asset? (Tasking the entity responsible for the asset with the inventory is the equivalent of allowing the fox to guard the henhouse.