Fixed Assets Physical Verification

We at Levantare Technology recognise the importance of correctly maintaining and preserving your organization's fixed assets. With our complete Fixed Assets Physical Verification services, we ensure that your asset records are up to date, dependable, and in accordance with industry rules.

Why Choose Our Fixed Assets Physical Verification Services?

Asset records that are accurate are essential for financial reporting, compliance, risk management, and decision-making. Discrepancies between your financial records and your real physical assets might arise over time for a variety of reasons, including theft, depreciation, misplacement, or incorrect recording.

Our Fixed Assets Physical Verification services offer several key benefits:

Precision and dependability:

To thoroughly check each asset, our team of qualified specialists applies industry best practises. This procedure greatly decreases asset register mistakes and improves the dependability of your financial statements.

Compliance Assurance:

Inaccurate asset records might result in compliance concerns and financial penalties. We assist you in remaining in compliance with accounting standards and laws by assuring the accuracy and timeliness of your records.

Risk Mitigation:

Effective asset management entails recognising and mitigating possible risks such as asset theft or misuse. Our physical verification approach detects inconsistencies early on, allowing you to take remedial measures to reduce risks.

Cost efficiency:

Cost-cutting measures should be taken to eliminate wasteful spending on assets that are no longer in use or have reached the end of their useful life. Accurate asset records allow for more informed decisions about repairs, replacements, and disposal.

Our Fixed Assets Physical Verification Process:

Pre-Verification Planning:

We work with your team to understand your asset inventory and specific needs. This step involves gathering data, reviewing existing records, and preparing the verification procedure.

Physical Verification:

On-site, our expert personnel check and verify each item. We utilise barcode scanning, RFID technology, and human inspections to verify that every asset is properly accounted for.

Data Reconciliation:

Following physical verification, we compare the results to your existing data. Disagreements are recorded and analysed to find the core causes.

Documentation and reporting:

We give thorough reports that describe the verification process's outcomes. These reports offer a summary of verified assets, inconsistencies discovered, remedial action recommendations, and advice for improving your asset management practises.

Levantare technology is your reliable partner in maintaining accurate fixed asset records that meet your financial goals and compliance requirements. Our Fixed Assets Physical Verification services lay the groundwork for smarter financial decisions, risk management, and operational efficiency.