Your advanced, quickly developing business may work out of a few areas that are spread far and wide over the topography. The altered resources at these areas are completely basic to your operations, and should be entirely checked and controlled, with standard, intermittent surveys.

An altered resource is a business resource that is utilized with the end goal of creating merchandise and giving administrations, and is not held for resale in the ordinary course of the business. Normally, they have life that is well more than 12 months – often enduring more than quite a while.
Altered resources confirmation and labeling are particular procedures that help organizations in settled resources administration, by following altered resources for preventive upkeep and burglary discouragement, furthermore as a feature of the monetary bookkeeping process.

Standard settled resources confirmation is imperative – it gives the administration a superior thought of the benefits in presence, and whether they coordinate the position appeared in records. We offer the accompanying administrations in this regard:

• 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:

• are in their proper place
• reflect their true value
• are maintained properly

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

• ascertaining the true and fair value of fixed assets
• better and more informed decision making
• audit compliance
• getting a better picture of expected profitability
• better accountability and internal controls

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.