Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

Asset maintenance is a component of asset monitoring designed to increase the lifespan of a company’s machinery, devices, and equipment. The process is important for any business serious about keeping ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

Today, asset management suites go much further than inventory and software metering, storing financial and ownership information — or integrating with existing financial, service management, and HR ...

Beginning inventory is the book value of a company’s inventory at the start of an accounting period. It is also the value of inventory carried over from the end of the preceding accounting period.

As the public sector navigates increasingly complex acquisition and inventory policies for handling government property, inventory and asset tracking has become a challenging area for government ...

Asset management software has become increasingly important in recent years as businesses seek to optimize their operations and improve efficiency. It can provide a range of benefits to businesses, ...