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Fixed Asset Inventory Reconciliation

Posted @ May 26, 2013, 8:31 pm under (Fixed Assets Verification)

Fixed Assets Management, Verification & Audit - to Korean and Japanese Companies located in Delhi, Gurgaon, Manesar, Noida, Greater Noida, Faridabad, Baddi, Himachal Pradesh, Jaipur, Alwar, Nagpur, Punjab, Pune and Mumbai.

 
At Amit Arun & Associates we help clients in process of Fixed assets management, a process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. 
 
Fixed Asset Inventory Reconciliation Approach
 
Our fixed asset inventory reconciliation approach is a methodology that bridges gaps typically experienced with traditional fixed asset verification. 
 
Wall-to-Wall Physical Inventory: 
 
Utilizing state-of-the-art handheld technology to capture asset inventory data and creating a vehicle for more efficient cycle inventory by tagging all assets with a barcode label.
 
Floor-to-Book Reconciliation: 
 
Reconciliation of inventoried assets to a fixed asset ledger and/or other corporate asset management database (e.g. IT, Facilities, Maintenance, etc.).
 
Book-to-Floor Reconciliation: 
 
Detailed review and reconciliation of remaining capital assets not able to be inventoried, including real property, bulk assets, ghost assets, intangibles, etc.
 
Cost Componentization:
 
Additional detailed cost componentization of capital equipment that creates the support needed for IFRS and re-classification of assets into more accelerated depreciation/personal property tax categories.
 
Reporting / Data Delivery: 
 
The FAIR service results are delivered with a detailed audit trail for every asset and reports/data files are formatted to facilitate electronic updates of asset databases.
 
 

Mail us at info@amitarun.com to find out more about our services and how we can help to efficiently manage the fixed assets.

 

 


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