Home & Business Inventory
Home and Business Inventory Services:
Organizing a home, or managing records for business, includes identifying equipment, electronics, valuables, artwork, etc., that are no longer needed. These unwanted items can be simply discarded, but it is recommended to donate items in good condition to a school, daycare, or charity. First, determine the value of the item as you may be able to receive a tax deduction for the non-cash donation. Also consider other family members who may need the item, or would place a sentimental value on the object. Consideration can also be made to selling online, such as through eBay, or kijiji, or through traditional yard sales and newspaper ads.
Homeowners can turn their attention to those remaining items. Ask yourself if you kept it for a useful or decorative purpose. Identify the room it should be in, how often it is used, and if decorative, does it compliment the space you intend to place it?
Business owners with inventory for resale need to keep annual records for tax purposes. Small business owners may need assistance recording each item in stock, with description, value, and other details which will also identify slow moving inventory.
In addition to organizing, space planning, and creating custom storage solutions, ArtWORKable Interiors will help you create a record of electronics, artwork, etc., which is very useful for determining content insurance coverage, help manage warranty and maintenance paperwork, as well as, assist the Halifax Police, or RCMP, to attempt to recover any stolen items. Insurance agents recognize that a number of homeowners do not update their records for new purchases, and as a result, many homeowners are under-insured. Police agencies cannot guarantee recovery of stolen items, but having serial and model numbers, and even pictures, increase your chances. Manufacturers may not cover your warranty if you cannot prove your date of purchase. Keeping records of valuables would also make it easier to prepare your will. Business owners need inventory of stock and equipment for tax purposes.
Starting an inventory record from scratch can be a daunting experience, and the ArtWORKable team can provide tips and strategies to organize your possessions, determine value, and record details that may be needed suddenly. Packages are available to help you start the process, and for record maintenance on an ongoing basis.