Definition

ghost asset

A ghost asset is a fixed asset in a general ledger (GL) that cannot be accounted for because it is physically missing or otherwise rendered unusable.  

To identify and eliminate ghost assets effectively, a company must physically inventory fixed assets on a regular schedule. Asset management software can also be helpful because the software can automatically depreciate specific assets according to schedule and remove assets from the GL that have reached end-of-life. 

See also:  digital asset management, enterprise asset management

This was last updated in March 2012

Continue Reading About ghost asset

Dig Deeper on ERP accounting software

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchOracle

SearchDataManagement

SearchSAP

SearchBusinessAnalytics

SearchSQLServer

SearchContentManagement

SearchHRSoftware

Close