Archive for the ‘Inventory Control’ Category
Asset Verification
Oftentimes as part of the operation of their businesses, business owners will secure financing or investors to support the purchase of machinery and equipment. Investors and lenders, who have their money tied up in a business, want to and need to know where and how their money is being used.
While it is of course necessary to know the value of the said assets, sometimes investors simply want to ensure that their investment is being used in the manner that the business owner has reported with regard to machinery and equipment assets. Asset verification can be used to determine that the physical assets of a business exist. For a construction business, this could be verifying that there are three backhoes, five dump trucks, eight Bobcats, etc. For a private oral surgeon’s office, it could be one x-ray machine, four dental sinks, four dental chairs, etc.
In a previous post, we discussed Present Value’s inventory control services. In addition to this, Present Value can provide investors and lenders with asset verification reports that confirm a business’s physical assets.
By: Present Value
Inventory Control Services
Business lenders occasionally need to perform inspections on the businesses to which they lend because they need to know that the business assets they support are physically on the company’s premises, year after year. There are two main ways this task is performed. Either someone goes to the business and counts each item in question (e.g., computers, furnishings, inventory), or the items can be barcoded, scanned, and managed through a spreadsheet. Once the assets are initially barcoded, future inventory inspections will be much easier to conduct.
As part of its business valuation branch, Present Value can conduct these inspections on a lender’s behalf. Depending upon the lender’s needs, Present Value will go to the property and either physically count the assets in question or barcode them for simplified, electronic management.
Please contact us for more information about how Present Value can help you with your asset inspection and inventory control needs.
By: Present Value
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