Glossary definition

What are zombie and ghost assets?

Zombie assets

Zombie assets are assets that exist within a company but were never added into a depreciation schedule on the company’s balance sheet.

Ghosts assets

Ghost assets are those that are visible on the balance sheet but can’t be physically located.

 

A business can easily carry tens of thousands of dollars in untracked assets if the asset lifecycle isn’t monitored closely or analyzed frequently.  A fixed assets tracking solution allows a business to dispose of, retire, and transfer assets easily.

 

A guide to growing your small business

It's always important to think about how to grow your business - even in a challenging business environment.

Download our guide for strategies to help you overcome short-term obstacles and prepare you for long-term success.

Download your copy

Subscribe to the Sage Advice Blog

Get our latest business advice direct to your inbox.