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 General Ledger, Accounts Receivable and Accounts Payable Software

PRO+

Content

Find more PRO+ content and other member only offers, here.

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchManufacturingERP

SearchSAP

SearchOracle

SearchBusinessAnalytics

SearchContentManagement

SearchDataManagement

SearchCRM

Close