I used to work at a company that had an asset management product.<p>The problem with asset management is that the concept makes a lot of sense, and sounds very useful, but it requires a great deal of discipline. It's basically like Quicken for businesses. Quicken makes a lot of sense, but unless everything is automated, people get bored, and once you fall 1 month behind, people usually give up. Basically, it's the human element that fails.<p>It's the same case with asset management. It requires someone to do the boring task of keeping track of everything. The other thing is that GAAP allows for a certain tolerance of things like valuation of assets, depreciation, etc, so you don't need to be exactly right. This gives less incentive for people to maintain a tight inventory on all their belongings.<p>One of my relatives owns a store, and they track inventory very loosely, because they know that their things will get shoplifted, suppliers will ship them a different amount than they requested, etc. They build in a tolerance for errors, and it's a widely accepted practice. As long as this tolerance is good enough, then having an exact count plus the amount of time required to be exact, makes the entire concept not worth it.