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.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
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.