Fixed Assets Verification
Fixed Assets represent a significant investment in any balance sheet of a business. Healthy fixed asset management yields accuracy in financial statements, significant tax savings and robust internal control.
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At Oditify, we assist our clients in creation and regular maintenance of the fixed asset register and provides superior Fixed Asset Verification & Tagging Services to organizations across all industries as the first step to implement effective Asset Management. Capturing & tagging of the Fixed Assets information through Barcode number helps maintaining Description; Location; Fixed Asset Class; Departments and Cost Centre’s and Serial numbers in a concise form. This helps in knowing exactly what assets you currently have, where these assets are located and how these assets are changing over time and allows a company to keep track of details of each fixed asset, ensuring control and preventing misappropriation of assets.
Benefits of fixed asset verification and tagging –
• Regular monitoring and tracking of assets;
• Reduction in theft;
• Saves time and money;
• Correct reporting in financial records;
• Enhanced monitoring for movement between locations &
• Enables efficient resource allocation