An international brand of warehouse clubs, also called cash and carries, selling food and non-food products, required the support of RGIS. The food section always includes a fresh fish section, a wine section, fresh meat and butchery department, and refrigerated aisles. The non-food area includes clothing, DIY, office supplies, electrical items, computing, and seasonal goods such as garden furniture.
THE CHALLENGE
The customer required RGIS to provide the following:
- Complete counts in 26 cash and carry stores
- Count all fixed assets in stores
- Check assets against existing asset register
- Provide any variances found for account reconciliation
Why RGIS?
A cash and carry chain needed a solution to complete fixed asset inventories with accounting reconciliation.
Our Solutions
A cash and carry chain partnered with RGIS to complete the store fixed asset reconciliation project, and RGIS provided the following:
Scheduled six experienced RGIS auditors
Split auditors into teams of three per cash and carry store
Counted fixed assets within each store against asset register provided by the customer
Identified any variances to the existing asset register and sent reconciliation reports to the customer
Results
A cash and carry chain found by outsourcing the store fixed asset reconciliation project to RGIS, the following results were achieved:
All fixed assets were accounted for
Any variances were reported and the reconciliation sent to the customer
Conclusion
The customer could now accurately identify any unused assets that could be distributed to other stores.
