Learn how to count goods quickly and effectively

Learn how to count goods quickly and effectively

THE goods count takes into account the whole asset inventory of a company, including active tangible and intangible. Tangible assets are all physical assets, such as real estate, vehicles and equipment. Intangibles are those that have no physical form, such as brand recognition, licenses, technology development and corporate intellectual property. Many managers still believe that the management patrimonial is done only by the obligation of the legislation of the accounting Brazilian market, but the advantages of obtaining this monitoring do not stop there. learn all about score of goods to follow!

Learn how to count goods quickly and effectively
 Understand the importance of asset count | Photo: Freepik

Why do the asset count?

The asset inventory is essential for you to expand your company and make more assertive decisions. Some of the advantages of having up-to-date and determining information about your business are:

  • Identify the strengths and weaknesses of your company;
  • Monitor economic results and performance;
  • Generate credibility in the market;
  • Get the attention of investors;
  • Ensure the veracity of economic data;
  • Avoid financial losses, such as waste and deviations;
  • Avoid unnecessary tax expenses;
  • Optimize the purchasing process;
  • Prepare the company for audits.

1. Planning

First, you must plan well, tag all of your assets with an identification number, and have an accounting team responsible for the asset Management. The accounting area can help you with technical aspects, strategic analysis and safe and profitable management of your assets. 

Don't forget to use technology to your advantage. Good asset management software will ensure that the process is much faster, more efficient and safer! 

2. Inventory

This is the mapping and analysis of the state of conservation of all assets owned by the company. This process takes place to determine the value according to the time of use and maintenance of the tangible assets.

3. Asset valuation

This step serves to analyze the fair value and residual value of assets in the market. The company must calculate the current value of the assets and the price it expects to receive at the end of the useful life of each asset. Also, it is important to take into account the replacement or replacement cost of these goods.

4. Comparison of inventory data with the accounting base

The company checks if the goods are correctly registered, checking purchase dates and values. It is important to verify that the goods found physically are accounted for in the system and vice versa.

5. Sanitation

After performing all the steps above, the team is able to recognize the reconciled assets, the accounting surplus and the physical surplus. The manager learns about assets that are undervalued, financial losses and how to recover their assets.

Make changes in your business!

After doing all the goods count, look for solutions! Make strategic decisions, implement new standards and maintain procedures. Delegate roles and responsibilities within your company, caring for the financial health of your business.

It is important to always review the score of goods to ensure it is up to date. THE management frequent of active increases business credibility and market competitiveness.

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