Free Fixed Asset Audit Tip

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Once you have created a baseline register of all of your fixed assets (there is no way around getting your paws dirty here – you need to do the dog work upfront) you should implement a regular audit of all of your fixed assets to keep tabs on moved, lost and newly added assets.

If you have a large fixed asset base then we suggest initiating a rolling audit process where a portion of your environment can be audited one at a time. You could perform a monthly audit of 1/12th of your asset environment for example; slice your environment into twelve pieces, and audit one piece every month – This ensures your entire asset environment is audited each year.

Check out our Fixed Asset Application that helps automate the process of both creating your Fixed Asset Register from scratch (the take on) and also removes much of the manual labor involved in conducting asset audits!

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