Physical Verification Process provides the foundation for improving upon managing your assets. Asset owner and custodian within an organization
should be aware that effective management of assets is extremely difficult without a comprehensive awareness of
the existence and utilization of assets. Organizations cannot afford to ignore the business benefits which PTSOL® provides through its quality services.
Why Fixed Asset verification?
Tracking assets is an important concern of every company, regardless of size. Among many reasons associated with the need for physical verification
of fixed assets, below mention are a few major ones:-
Presenting a true and fair statement of Fixed Assets.
Statutory and Regulatory compliance.
Synchronization of FAR with Physical status.
Better control and Accountability.
During Mergers and Acquisition transactions
What we do:
Physical verification of Assets at various locations across India.
Entry into excel/ inventory records
Identifying, verifying & tagging of all assets
Reconciliation with Assets Register
Uploading in existing database
Discrepancy report & MIS Reports
Why Fixed Asset Tagging?
The purpose of Tagging assets is Tracking movement of assets from one place to another place.
An identification number is written on the asset to avoid duplication.
Identify owned assets quickly and easily with visual inspection.
Track serial or model numbers efficiently with barcode stickers.
Simplify inventory with bar code imprinting of property ID asset tags.
Track high value movable equipment such as laptops & PDA’s.
Save time and money in duplication of assets between departments.
Increased security with regular tracking & monitoring.
Reduction of theft with visual identification of assets with security labels.
Monitor asset movement between locations.
Compliance with insurance or government regulations
Schedule maintenance, service and replacement of owned assets