Keep asset records up-to-date and accurate
Systematically review and count your assets, ensuring that all records match actual inventory. Enhance your asset management by identifying discrepancies early, reducing losses, and maintaining compliance with internal policies and regulations.
What you can do with Inventory Audits
Start and Structure Your Audit with Ease
Begin your inventory audit with a few simple steps. Use the “Inventory Audits” function to specify the location, start date, and due date of your audit. Assign an inventory manager and primary contact to streamline communication and accountability. Ensures that all relevant assets are reviewed in a timely and organized manner.
Verify Asset Presence and Condition
Update the status of assets directly in the system, marking them as found, missing, operational, faulty, or non-repairable. Not only do you confirm the accuracy of your asset records but also provide detailed insights into asset conditions, helping you make informed decisions about repairs and replacements.
Review and Validate Your Audit Results
Once all assets are checked, review the audit findings for accuracy and completeness. An Inventory Manager can quickly validate the audit data, ensuring all entries are correct before finalizing the process. Maintain accurate asset records and supports compliance with audit standards.
Complete Your Inventory Audit with Confidence
Finalize and record your audit results by marking it as complete in the system. This final step locks the audit data, providing a secure record of your inventory check. With all information accurately captured, you can generate detailed reports and maintain a comprehensive audit trail, supporting transparency and accountability in asset management.
Why regular asset audits matter for asset-intensive organizations
Registers drift. Assets move between sites, get borrowed, get retired informally, and nobody notices until a count is needed for finance, insurance, or a customer. By then the gap is months wide and hard to explain.
Audits in Asset Insider compare the register against what is actually there. Organizations can:
Start and structure an audit without preparation work.
Verify the presence and condition of each asset.
Record discrepancies at the moment they are found.
Review and validate results before they are accepted.
Close each audit with a record that can be shown.
Feed corrections straight back into the register.
Differences are found while they are still small enough to explain and correct.
What our customers say
Asset Insider provides a great set of pre-built functionalities that can serve the purpose out-of-the-box.
IT Manager Plamen Velkov
We uploaded our Capital Planning lines to our next year Budget. The entire process was seamless and we saved more than 150 work hours with Asset Insider.
Enterprise Systems Manager Terrie Sabate
Helps manage my assets and keeps a good accounting. Overall satisfied. Nice dashboard and after training easy to use.
Branch Manager Robert M. Construction CompanyAsset Insider has impressed me with its array of features that make asset management a breeze, allowing for effortless navigation and quick access.
IT Administrator Peter G.Most of the other software vendors admitted that their systems would not be a good fit for our business needs.
Enterprise Systems Manager Terrie SabateThe great thing is that Asset Insider covers a lot more than just a fixed asset management system. Also, they have great support.
Senior IT Specialist Valentino V. Automotive CompanyAsset audit insights and best practices
Where asset records lose accuracy between counts, and how teams keep the register close to what is physically there.
Frequently asked questions about inventory audits
What is an inventory audit in Asset Insider?
An inventory audit is a structured count that compares the asset register against the assets physically present, so differences are identified and corrected rather than discovered later.
How is an audit started?
An audit is set up in the platform and structured before the count begins, so the scope is clear and the people doing the count work from a defined list rather than an ad-hoc one.
What gets checked during the count?
Both the presence of the asset and its condition are verified, which means an audit also refreshes condition data rather than only confirming that something exists.
What happens to discrepancies?
Discrepancies are recorded at the moment they are found, then reviewed and validated before the audit is closed, so corrections are deliberate rather than automatic.
Is there a record of each audit?
Yes. Each completed audit leaves a record of what was counted and what was found, which is what makes the result usable for finance and compliance purposes.
How often should assets be audited?
That depends on how quickly assets move and how much they matter financially. The point of running audits regularly is to keep the gap small enough to explain and fix.
Take Control of Your Asset Management Today
Experience the power of precise inventory management with Asset Insider. Start your free 30-day trial or book a personalized demo to see how Inventory Audits can enhance your asset management strategy.