Ghost Assets Are Draining Your Budget
VeloInventory Engineering
Engineering Team
A ghost asset is something on your books that isn't really there — sold, scrapped, lost or stolen, but never removed from the register. It sounds like a bookkeeping nuisance. It's actually a direct, recurring drain: you keep depreciating it, insuring it, paying tax on it, and planning maintenance around it. Industry studies routinely put ghost assets at 10–30% of a typical fixed-asset register.
What Ghost Assets Cost You
- ✓Depreciation and book value on things that no longer exist
- ✓Insurance premiums on phantom equipment
- ✓Property tax on assets that were disposed of years ago
- ✓Wasted maintenance planning and PM scheduling
- ✓Bad capital decisions built on an inaccurate register
How to Find and Kill Them
The fix is a register that reflects reality continuously, not once a year at audit. VeloInventory reconciles the register against discovery data, QR/RFID scans and AI vision tag recognition, then flags the mismatches — assets on the books that haven't been seen, and assets in the field that were never recorded. You review the list, confirm disposals, and your depreciation, insurance and tax base finally match what you actually own.
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