Construction Inventory
One of the active user groups of Inventer consists of businesses primarily engaged in financial activities.
One of their main challenges is conducting asset inventory in accordance with fixed-asset accounting standards.
Inventer helps such companies carry out a full general inventory process and, subsequently, perform annual control of the recorded fixed assets.
When Is Inventory Necessary?
For any type of business, the form of inventory to be conducted may be selected based on different principles.
During the inventory of fixed assets, it is essential to understand what assets the organization owns, what condition they are in, what remaining useful life they have, and what expenses must be considered to ensure the uninterrupted operation of the organization.
Addressing the above challenges, ensuring the reliability of the organization’s accounting records, and providing accurate managerial reporting all require conducting a fixed-asset inventory.
Scope of Fixed Asset Inventory Services:
- Inspection of the asset
- Counting of fixed assets
- Labeling/tagging of fixed assets
- Photographing fixed assets
- Categorization by branches
- Preparation of a file based on the final results of the inventory
- Matching fixed assets according to the final inventory file
- Allocation of fixed assets by object in the file
- Assigning assets to responsible persons
- Preparation of the inventory order
- Preparation of the fixed asset inventory report
- Preparation of the inventory protocol
Inventory Procedure
Before conducting an office inventory, the organization must define the following:
- Purpose of the inventory
- Frequency of conducting the inventory
- Recommended timelines for conducting the inventory
- General rules for performing the inventory
- Responsibilities of the inventory commission
- Obligations of the inventory commission
- Procedures for verifying actual balances
- Inventory of fixed assets
- Inventory of material supplies
- Inventory of cultivated assets
- Inventory of financial assets
- Inventory of financial receivables and liabilities
- Preparation of comparison statements for inventory results
- Rules for regulating discrepancies identified during the inventory and documenting the results
How to Conduct an Inventory
Before carrying out an inventory, its purpose must be clearly defined. Once it is understood why the organization needs to conduct an inventory, a site visit is scheduled, and Inventer begins the assessment. At the same time, we request the following information from the accounting and administration departments:
- Software balance of fixed assets
- Number and addresses of locations
- Number and contact information of individuals responsible for the balances
After receiving this information, we begin the inventory process, which consists of the following steps:
- Physical inventory of fixed assets
- Physical inventory of material and merchandise stock
- Tagging of assets
- Photographing assets
- Categorizing assets by location
- Assigning IT equipment to responsible personnel
- Creating asset groups and subgroups
- Comparing physical and system balances
- Preparing the inventory report
- Preparing the final report based on the results
For service inquiries, please contact us.
Contact Us Now
The consulting company Inventeri offers any business on the market a reliable, high-quality, competent, and fast service in inventory management and stock control.
Our inventory services are carried out in accordance with accounting standards and are distinguished by high reliability and accuracy.
Our team members will assist you with any type of consultation related to inventory, tailored to the specific needs of your business.
Since the day of its establishment, the company has been continuously developing and maintaining the highest quality of work. We offer our clients flexible, high-quality, and maximally comfortable service.
You can view the projects completed by the Inventeri team at the following link: Projects.