What is it? Fixed asset inventory is a critical function that, if done properly, could save you thousands, even millions of dollars depending on the size of your company. It’s akin to having a pile of money in your office closet but never opening the door. Integrity will bust that door wide open and find the money that’s hiding in plain sight.

Why is it important? Even if your company takes a physical inventory every few years, it’s still very likely that you don’t have correct fixed asset information. Assets are quite often misidentified, misclassified or left on the books when they no longer exist. That’s money on the table.

How much could I save? Experience has shown us that anywhere from 12% to 20% of company assets that no longer exist are still on the books while the company continues to pay taxes on them.

How does it work? The purpose of Integrity’s fixed asset management program is to track and maintain data associated with acquisition, depreciation and retirements of capital assets, as well as the proper reporting of those assets. To that end, Integrity provides a number of fixed asset management services including physical fixed asset inventory, tax return and book accounting reconciliations, replacement cost calculations, asset maintenance and more. These services are utilized independently or in combination in order to create a clear and detailed current physical inventory as well as a removal of any and all ghost assets.