Fixed Assets Management

Your modern, fast-growing business may operate out of several locations that are spread far and wide across the geography. The fixed assets at these locations are absolutely critical to your operations, and need to be strictly monitored and controlled, with regular, periodic reviews.

A fixed asset is a business asset that is used for the purpose of producing goods and providing services, and is not held for resale in the normal course of the business. Typically, they have life that is well over 12 months - frequently lasting over several years.

Fixed assets verification and tagging are distinct processes that help businesses in fixed assets management, by tracking fixed assets for preventive maintenance and theft deterrence, and also as part of the financial accounting process.

Regular fixed assets verification is important - it gives the management a better idea of the assets in existence, and whether they match the position shown in records. We offer the following services in this respect:

• Fixed Assets Register - preparation and maintenance
• Identification and actual physical verification of assets, and matching the figures with the books
• Calculation of depreciation
• Suggest regular capitalization of fixed assets
• Tagging assets with bar code labels for easier identification

Fixed assets are just as open to misuse, theft and fraud as is inventory. They also need to be maintained in good working condition.

As a diligent business owner and manager, you need to ensure that all fixed assets:

Our fixed asset verification service helps you in the following aspects :

Fixed assets also need to be verified as a statutory requirement and for insurance purposes.

To achieve a transparent and automated method of fixed assets verification, we can also help in fixed assets tagging.

Tagging helps to monitor asset movement, reduces time and effort in verification, and provides accurate information about individual assets.