Fixed Assets & Inventory Management
Fixed assets and inventory are core to your business’s financial health and operational efficiency. Without proper records and tracking, you risk misstatements, losses, and audit failures. we offer structured Fixed Assets & Inventory Management services designed to bring transparency, control, and compliance into your accounting systems.
From tracking fixed assets to controlling stock flow we help you maintain accuracy, prevent losses, and support audit-readiness at every level.
We help you track, tag, reconcile, and report on every asset and stock item ensuring your books match reality, depreciation is correctly applied, and idle assets are identified for strategic decisions.
Whether you manage multiple warehouses, offices, or campuses, we streamline your asset control process with professional insight and digital tools.
A structured, insightful process designed to deliver more than just compliance.
01.
Review of Existing Registers & Master Data
We begin by examining your existing fixed asset registers (FAR), stock ledgers, inventory masters, and ERP data to assess completeness and consistency. This includes checking classification formats, asset locations, acquisition dates, and opening balances.
02.
Physical Verification & Tagging
Our team conducts a location-wise, on-ground physical verification of fixed assets and inventories. Items are labeled with unique asset codes or barcodes, mapped to departments or users, and photographed where necessary.
03.
Categorization & Coding System Setup
Assets and stock items are categorized into meaningful groups (e.g., IT equipment, plant & machinery, furniture, raw materials, etc.). We assign standardized codes based on type, usage, and location to make reporting and future tracking simpler.
04.
Reconciliation with Books & ERP
We reconcile physical data with accounting ledgers, balance sheets, and ERP systems. Discrepancies such as missing entries, overstated items, or excess stock are flagged and reported for correction.
05.
Depreciation Calculation & Audit Schedule Preparation
Using the updated FAR, we calculate depreciation based on applicable methods (SLM, WDV, etc.) under the Companies Act and Income Tax Act. Reports are structured for audit readiness and management use.
06.
Final Reporting & Control Recommendations
We deliver a detailed final report including physical-to-book reconciliations, exceptions, valuation updates, and scrap/idle asset identification. We also provide control improvement suggestions like tagging SOPs or ERP integration.
Digital Tools for Better Asset & Stock Visibility
We use modern systems and asset tagging solutions to streamline fixed asset and inventory tracking—whether for audits, planning, or control.
Frequently Asked Questions
Get clear answers to common queries about our audit process, timelines, compliance, and how we help your business stay financially sound.
Why is fixed asset management so important?
Do you integrate with our ERP or use a separate system?
Can you tag assets that haven’t been tracked before?
What about obsolete or damaged inventory?
Do you help during statutory audits?
Didn’t Find the Answer? Ask us Questions
Call us directly, submit a sample or email us!