Know what you own, where it is, and what it is worth.
Ossool reconciles fixed asset registers against physical reality, using RFID tagging and trained field teams. Most registers we open carry years of accumulated variance. We close it, then keep it closed.
Variance identified on 241 of 1,284 lines. Reconciled register issued.
Illustrative demonstration using sample data. Not client data.
The three states of every asset
A fixed asset register is a claim about the physical world. Over time the claim and the world drift apart. Every asset in your organisation sits in one of three states, and only one of them is correct.
Recorded and verified
The asset is on your register, it is physically present, and its location, condition, and value match what the register says. This is the state you are paying for.
Recorded but not found
Ghost assets. Equipment that was disposed of, transferred, or written off without the register being updated. You are depreciating it, insuring it, and paying tax on it. It does not exist.
Found but not recorded
Untagged assets. Capital equipment sitting on your floor that appears nowhere in your books. Uninsured, unmaintained, and invisible to every capital decision you make.
Why the variance costs money
An inaccurate register is not a bookkeeping problem. It shows up in four places on your P&L and your risk register.
Audit findings
External auditors test the existence of fixed assets. A register that cannot be substantiated invites a management letter point, extra audit fees, and in the worst case a qualified opinion.
Insurance premiums
Ghost assets stay on the schedule of insured property. You pay premiums, year after year, on equipment that left the building.
Depreciation and tax
Assets carried after disposal distort depreciation charges, net book value, and the tax computation built on top of them.
Capital decisions
Procurement approves purchases of equipment the organisation already owns, because nobody can prove it exists.
What is sitting on your books that is not in your building?
Two numbers gives you a rough order of magnitude. It is not a quote, and it is not a promise. It is the range the industry reports.
- Register carrying value
- JOD 2,250,000
- Typical ghost asset range
- 10% to 30% of lines
- Estimated exposure
- JOD 225,000 to JOD 675,000
The 10 to 30 percent range is a widely reported industry figure for organisations that have not performed a physical count in over three years. It is not an Ossool measurement and it is not specific to your business. The only way to know your number is to count. That is what the scoping call is for.
Find our real numberSectors
Hospitality
A hotel adds, replaces, moves and quietly loses equipment every week of its operating life, and we count hotels without closing floors.
Healthcare
In a hospital, a fixed asset is also a regulated device, and location, usage, condition and calibration status all matter.
Banking and financial services
Banks grow by opening branches and refreshing technology, and both create assets faster than any register absorbs them.
Facilities and real estate
Building management systems, maintenance software, RFID and IoT all help facility managers, and none of it works on an asset register that is wrong.
Organisations that needed to know what they owned
Client names are shared on request, with permission. The work looks like this by sector.
Hotel and resort groups counting rooms, kitchens, plant rooms, and back of house.
Hospital campuses and clinic networks with high value medical equipment under warranty.
Owners and developers with assets spread across buildings, floors, and common areas.
Start with a scoping call.
Tell us roughly how many assets you carry, across how many sites, and what shape your current register is in. We will come back with a coverage plan, a timeline, and a fixed scope. No obligation, and no cost for the conversation.
Request a scoping call