The physical fixed asset inventory is an activity carried out by the sole direct staff, who has several years of experience gained in over 400 Fixed Asset Management projects. This activity consists in searching and identifying each single asset, labelling it with either RFID or Barcode tools and classifying it by indicating the location and a description.
The process of physical-accounting reconciliation consists in the alignment between the accounting situation in the fixed asset register and the reality found during the inventory phase. The result of this activity is a new “situation zero” where there is a definite one-to-one correspondence between the asset list and the physical item, allowing to highlight and fix any accounting-physical mismatches.
A maintenance process is also important as not to nullify the work performed in the previous activities. This allows, over time, to properly handle new inputs, movements and disposal of items. In order to pursue this goal, the Client can choose to fully outsource the activities to Censit or to adopt processes, hardware and software devices to operate independently.
In order to support all of the fixed asset inventory and accounting reconciliation activities and in order to constantly keep the Client’s accounting system and physical reality aligned, Censit developed a series of ad hoc solutions, not available on the market, which maximize and optimize the potentials of RFID and Barcode technologies, by reducing response times and halving maintenance costs.