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Fixed assets management is an accounting process that seeks to track assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

Physical Verification

Physical verification exercise is carried out for all client`s Fixed Assets by identifying each asset, and locations.

Fixed Assets Tagging

Fixed Assets are tagged with bar code labels using tagging standards. These standards help in the following:
• Consistency and neatness in the fixing of labels on the assets.
• Ease of identification of the asset tags during physical verification.
• Eliminate possibilities of an asset being tagged more than once.

Fixed Assets Data Capture

The Handheld Barcode Scanners are used to collect the Assets data during the physical verification exercise. The software application utilises the barcode scanning technology to rapidly compile Fixed Assets information such as barcode number, location, serial numbers and other relevant data.

Reconciliation with the Existing Fixed Assets Register

A process of linking/matching the asset values in the existing Fixed Asset Register and the assets physically tagged at each location is carried out.

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