Fixed Asset


We secure your investments with reliable fixed-asset verification


In large corporates, large investments are made in fixed assets. These must be put to appropriate use and maintenance and verification of the existence and usage can be a challenging task. Some of the common challenges include:


Identifying and Locating Assets

Depending on the size and complexity of the organization, it can be difficult to identify and locate all the fixed assets that need to be verified. Assets may be located in different departments or sites or may have been moved or disposed of without proper documentation.


Inaccurate or Incomplete Records

The accuracy of the accounting records is critical for a successful asset verification. Inaccurate or incomplete records can make it difficult to match physical assets to their corresponding accounting entries, resulting in discrepancies that need to be resolved.


Time-consuming Process

This is a time-consuming process that requires significant resources and coordination between different departments. The process can be further complicated by disruptions to normal business operations, such as inventory movements or maintenance activities.


Lack of Expertise

Fixed asset verification requires a detailed understanding of accounting principles, asset valuation methods, and auditing procedures. Organizations may lack the necessary expertise to conduct the verification process effectively.


Technology Limitations

Some organizations may still rely on manual processes and paper-based records to manage their fixed assets. This can make it difficult to track asset movements and changes and may result in inaccurate or incomplete records.

Matrix Business Services brings you a Pan India coverage, with deep domain expertise and over 20 years of experience to provide you with a digitally driven, cutting edge, customised service to enable you to run your business in an efficient, productive, and risk-mitigated manner.

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