VALTECSA performs financial reconciliation as a complement or implementation of the Inventory Service.
The running of a company usually determines some separation between the accounting and maintenance departments (operational or production) and results in biases within the information managed by each one. That is why it is common to have accounting records (depreciated or not) of assets that have already been discharged due to deterioration or uncertainty within the financial information, regarding the assets that may be active or been sold without informing the accounting department, or even discharged due to technical or functional obsolescence.
Additionally, locally developed assets may exist and therefore only some of the material purchases or labour payments are registered in the accounting records.
VALTECSA offers to reconcile these assets on the basis of an actual physical inventory and, if required, install logs with inventory numbers and bar codes.
As a result of stock management, we are able to corroborate what physically exists against what is recorded in the accounts, and identify the differences.
This process is developed in 3 stages:
- Direct association of the physically inventoried assets with the relevant accounting records.
- Recording those assets that are not tangible or labelled due to their nature (software, disks, works of art etc.)
- The adjustment of differences between the accounting and physical reality.
Benefits:
- Identification of the differences between the registered assets in the accounting records and the physical reality.
- To provide conciliated information between the physical and accounting assets.
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