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Asset Inventory Services Methodology

With over 18 years of experience in thousands of fixed asset environments, we have honed an efficient, streamlined and SAS 70 Type II certified process for delivering bottom-line benefits to our clients.

Our independent fixed asset inventory and reconciliation (FAIR) experience covers diverse, complex environments and assets from injection molding to motherboards. Our inventory professionals maintain stringent quality standards and are experts in asset classification and cost segregation for personal property tax mitigation strategies.

The key components of each AMR engagement:

(Mouseover each step to view our detailed process)

1. PLANNING
2. WORK PLAN
3. PHYSICAL INVENTORY
4. RECONCILIATION
5. REPORTING
6. TAX REPORTING

1. PLANNING – We begin by assessing your business drivers and objectives – taking the time to understand your business and goals.
2. WORK PLAN – We then create a formal inventory work plan to define the scope,, objectives and expected deliverables of our engagement, scheduling activities to minimize operational disruption.
3. PHYSICAL INVENTORY – Our trained personnel tag all in-scope fixed assets. Barcode or RFID tags are affixed methodically to assure data is accurately captured for the reconciliation phase.
4. RECONCILIATION – Data gathered during the inventory is compared to what is recorded in your financial database. Discrepancies are investigated and componentization and classification strategies can be applied to optimize tax mitigation.
5. REPORTING – We then deliver detailed reports containing all pertinent asset statistics, unrecorded asset activity, and recommendations for improvements.
6. TAX REPORTING – For clients who wish to optimize tax benefits, we can then complete tax reports.

Learn how a scheduled inventory program can dramatically improve your business efficiency.

Take control of your fixed assets – contact Asset Management Resources by completing the form below or call 877-401-4639. Once submitted, your information will be sent to an AMR professional in who will contact you to discuss your inquiry.

We value your privacy and will keep all your information completely confidential.