Our team of experienced professionals ensures seamless Fixed Asset Management through a structured three-phase approach:

Phase 1: Preparation or Refinement of the Fixed Asset Register (FAR)

If the company has an existing Fixed Asset Register (FAR) but lacks essential details such as quantity, description, or invoice references, we refine and update it by verifying each invoice. If no FAR exists, we create a comprehensive register from scratch, incorporating details like:

• Invoice Number & Date
• Vendor Name
• Asset Description & Category
• Make, Model & Serial Number
• Gross Amount (as per Ind AS / AS guidelines)

Additionally, our team performs depreciation computation in accordance with the Companies Act or the Income Tax Act provisions, ensuring accurate financial reporting and tax compliance.

Phase 2: Physical Verification & Tagging

We conduct a thorough physical verification of assets and categorize them into:

• Verifiable / Non-Verifiable Assets
• Taggable / Non-Taggable Assets

Each taggable asset is labelled with a unique identification tag for efficient tracking and control.

Phase 3: Reconciliation & Reporting

• We provide a detailed reconciliation report comparing the Fixed Asset Register with the physical verification data, ensuring accuracy and compliance.
• Our structured approach helps businesses maintain accurate asset records, enhance control, and ensure compliance with accounting standards.