Auditing Assets


Asset inventory audit is an essential part of physical asset management. Accurate inventory audits allow you to understand where your assets are and what their status is.

But performing an accurate audit in an efficient manner can be a challenge. Let’s explore how eQuip! can help you meet these challenges and accelerate your auditing process.

Auditing methods

The eQuip! asset inventory management software can support various methods for auditing assets:

  • Audit by validation
  • Statistical Sampling
  • Wall to Wall inventory audit

Audit by Validation

  • Define a certain set of actions in the life cycle management of assets as audit by validation
  • Generate a report that identify assets that haven’t been validated for a certain period of time
  • Save time and labor hours by only conducting physical audit on these assets that haven’t been validated

Statistical Sampling

  • Define a strategy to systematically audit all inventory over a period of time
  • Institute routine tasks by generating a monthly list for physical audits

Wall to Wall

  • Set current site or location
  • Scan assets using eQuip! Mobile to quickly audit all assets

Mobile auditing

While reliable, rugged scanners can be costly. If you find your team overdue on inventory because of a lack of scanners, it may be time to invest in consumer-grade scanner technology.

With consumer-grade scanners, you can decrease cost and increase technology adoption with users.

eQuip! is a great option for those using consumer-grade scanners. Audit your asset inventory using the eQuip! Mobile application:

  • Use a variety of mobile devices, including mobile phones and rugged devices
  • Sync the native eQuip! Mobile application on Android, iOS, or Win Mobile with the web application
  • Use the camera function to rapidly scan barcodes, read Low Energy Bluetooth tags or RFID tags
  • Quickly update quantity and location

Watch a short video to see how to use eQuip! Mobile Asset Tracking solution to scan barcodes and audit assets:

Audit IT assets

Audit Asset Inventory using IT hardware auto discovery tools, like SCCM and LANSWEEPER

  • Scan all networked devices regularly and automatically – save time and labor hours
  • Reconcile with asset inventory in eQuip! asset inventory software

Audit results

While audit methodology is important, it’s just as important to consider how you record and report the assets found during audit.

eQuip! has multiple ways of reporting asset inventory audit results, such as:

  • Value of audited asset inventory
  • Count of audited asset inventory
  • Shortage and overage
  • Lost, Damaged assets

Click here to go to the next part of the asset life cycle: Report