Fixed Asset Ledger
Tier I Reconciliation
Tier I reconciliation is an automated process in which items are matched by a unique identifier. Items are first matched by an existing asset tag number, and then the asset serial number as the second matching criteria.
Tier II Reconciliation
Tier II reconciliation is performed if an additional reconciliation of assets is necessary after the completion of the Tier I reconciliation. A Tier II reconciliation involves a line-by-line comparison of the current asset lists to the physical inventory results in an attempt to identify assets as unique items.
The reconciliation professionals at Asset Services first review the existing asset ledger. From there, the ledger line items are categorized into the following areas:
Asset Services provides the ledger analysis reports and reconciliation reports in Excel or comma delimited format for further analysis or to import into the client’s existing asset management system.
Our small, highly trained and experienced project teams will work in close proximity to each other and methodically progress through the facilities. Small project teams provide greater consistency in the data collection process, and minimizes our "footprint" at client sites.
The Asset Services inventory teams have traveled the globe to provide inventory services for our clients. We have successfully completed asset inventories in five continents, 23 countries, 48 states, and countless cities.
Our inventory specialists are very sensitive to employees, and make every attempt to minimize disruptions. Asset Services uses professionals to perform asset inventories. All of our Inventory Specialists are background screened, credentialed, bonded and insured.
For more information on the Asset Services difference: Why Asset Services