Fixed asset management best-practices and RFID tracking technology enhance proper accounting, valuations, and financial reporting. Fixed assets like vehicles, machinery, computers, furniture, and equipment often represent the largest item on the balance sheet as the “long-term tangible assets”. One of the challenges of fixed asset management is manually managing and tracking asset transfers, disposals, and […]

IAS 41 “Agriculture” establishes the accounting standards for agricultural activities. This standard specifies how to recognize, measure, and disclose the assets and liabilities of agricultural activities. It also provides guidance on the accounting treatment for biological assets, such as crops, livestock, and trees, and agricultural produce at the point of harvest. The introduction of IAS

Are you prepared for the biggest change to lease accounting in over 40 years? The ASC 842 lease is here to shake up the world of finance and accounting. It comes with a plethora of changes and challenges for businesses across industries. Don’t get caught by non-compliance penalties or lose out on potential business advantages.

RFID Supply Chain Management RFID systems are a game changing to Supply Chain Management. As a tracking technology, RFIDs replace barcodes to provide bulk item scanning, data storage, and real-time data reporting properties. Indeed, the gaining business value to Supply Chain Management from RFID systems resides primarily in data to make better business decisions and

RFID technology has helped large, mid- and small-sized firms to streamline their internal controls and automate time-consuming manual processes, which address requirements of SOX framework.

A qualified appraisal is a written report by a qualified appraiser that estimates the fair market value of one or more assets. This document is to provide an unbiased and independent estimate of an asset’s value for tax-related purposes. A qualified appraiser is often required for charitable contributions, estate tax returns and other financial transactions

A RFID asset tracking solution involves RFID smart tags and labels, fixed or handheld RFID readers, and custom software solutions to suit any asset management or inventory management needs. Not only can RFID tags be read in bulk when tagged to inventory products, but these can also be without the need of sight. Speeding up