Vinícius Borges

Qualified Appraisal: Definition, Purpose & IRS Requirements

Qualified Appraisal: Definition, Purpose & IRS Requirements

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 …

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What Are the Fixed Asset Internal Controls Required by SOX Compliance?

What Are the Fixed Asset Internal Controls Required by SOX Compliance?

Did you know that the global fixed asset management software industry is expected to hit $5.2 billion in 2024? Companies are required to comply with the Sarbanes-Oxley Act (SOX) when it comes to their fixed assets. It can be difficult for companies to keep up with the ever-changing regulations and ensure they have all of …

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RFID into healthcare inventory management

RFID into healthcare inventory management

RFID technology is becoming increasingly essential to healthcare inventory management. RFID, or Radio Frequency Identification, uses radio waves to communicate between a tag and a reader, allowing for quick and easy tracking of assets. This is widely used in healthcare inventory management to track and manage medical supplies, equipment, and medications. One of the key …

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How RFID Technology Streamlines Fixed Asset Auditing

How RFID Technology Streamlines
Fixed Asset Auditing

As a Plant Controller, you are responsible for accurately reporting business cost performance, risks, and opportunities. In addition, you must ensure sound financial controls are maintained. Fortunately,  RFID Asset Inventory Trackinghas emerged as a powerful tool that can help you do just that. RFID asset inventory tracking technology can: With RFID Fixed Asset Inventory Tracking, …

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Fixed Asset Auditing
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How RFID Tags increase visibility for inventory management

How RFID Tags increase visibility for inventory management

Every day new technologies emerge to assist companies in various sectors, as well as their consumers. Among them, the RFID technology stands out, especially when RFID tags and data collection systems are widely used to increase visibility accuracy for inventory management. Perform a full physical inventory of products to count and report inventory is a …

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