Enter the number of fixed assets your organization owns, or make your best guess.
500
025,000
Average Asset Value
Enter the average value of one of your assets.
$500
$0$25,000
Cost of Ghost Assets
Ghost assets are assets on your books that are physically missing or unusable. Fixed asset tracking systems are designed to eliminate this cost entirely.
Percentage of Ghost Assets
If you're not sure, 10% is a good estimate. This number maybe as high as 20 to 40% for some organizations.
%
Percent Value Remaining
This is the amount of value left in your ghost assets. If you are not sure, 50% is a good estimate. This number could be higher or lower depending on how new or old your assets are.
%
Cost of Ghost Assets cont.
Federal Tax Rate
Average rate is 25%
%
State Tax Rate
Average rate is 5%
%
Business Property Tax Rate
Average rate is 3%
%
Property Insurance Rate
Average rate is 1%
%
Cost of Audit
An audit refers to the physical verification of assets, along with their monetary evaluation.
Number of Personnel Conducting Audit
Enter the number of personnel needed to conduct your annual fixed asset audit.
Days Spent Per Year on Manual Audits
The average audit takes four weeks (or 20 business days) to complete.
Cost of Daily Searches
In addition to ghost assets and audits, over half of companies report operations personnel perform at least one search for assets per day and that these searches can take up to an hour each.
Number of Operations Personnel
Minutes Spent on Asset Searches Per Day
Over half of companies report operations personnel perform at least one search for assets per day and that these searches can take up to an hour each.
Potential Savings
Percentage of Assets Tracked
Tracking even a portion of your assets, such as IT equipment, delivers significant savings.
