An Asset Inventory is the process by which a company names and describes the assets it has. These might include a variety of various resources which includes both non-physical assets like copyright laws as well as physical assets like real estate and tools. The latter may require a specific type of inventory - a Fixed Asset Inventory.
Inventory management is the most effective method of stock control, a process by which a company can keep a tight record of the assets it possesses in order to monitor and evaluate various factors which include but are not limited to:
The financial reporting for your business must incorporate a strong system for controlling stock supplies. This also ensures that such company is utilizing its resources in a structured and economical manner and that management has complete knowledge of the resources it possesses.
An Asset Inventory template can be downloaded by clicking the link below.
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