Three accounting statements define the financial health of a business: the income statement, the cash flow statement and the balance sheet. The income statement identifies what was sold; the cash flow ...

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 ...

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 ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

Do you know where all the licensed (and unlicensed) copies of Visio 2000, Yahoo tool bar, Xupiter DLLs or Outlook Express are in your company’s systems? Do you know who still has the Windows Messenger ...

Most people tend to form a picture of something specific in their head when they hear the word “asset.” It might be a stack of cash or a luxury vehicle, or even a piece of real estate. These answers ...

Tangible assets are physical resources owned by a business or individual that hold monetary value and can be touched or felt. These assets include items such as real estate, equipment, inventory, and ...

As required by both State and Federal guidelines, a physical inventory of all assets must be completed on a biennial basis. Prepare for this inventory coming this summer. To reduce paper waste, and ...

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 ...