Fixed asset tagging and verification services in India help organizations maintain accurate asset records, strengthen internal controls, and meet audit requirements.
Our mobile app–based asset tagging system, QR/barcode technology, and cloud reconciliation platform ensure audit-ready fixed asset registers across locations.
Fixed Asset Tagging and Verification Services in India – Our Process and Expertise
Fixed Asset Tagging and Verification Services in India for Audit Compliance
Our fixed asset tagging and verification services in India are designed for companies that require accurate asset records and strong audit compliance. By using fixed asset tagging and verification services in India, organizations can reduce discrepancies, improve transparency, and strengthen internal controls. Our fixed asset tagging and verification services in India ensure audit-ready FAR and reliable reporting.Our fixed asset tagging and verification services in India help companies maintain accurate records and ensure full audit compliance.
What Are Fixed Asset Tagging and Verification Services?
Fixed asset tagging services involve physically labeling assets with unique QR codes, barcodes, or RFID tags and linking them to a verified Fixed Asset Register (FAR).
Fixed asset verification services include systematic physical verification of fixed assets, reconciliation with books, and preparation of audit-compliant reports.
Together, these processes ensure:
- Accurate asset identification
- Verified asset existence and location
- Improved financial reporting
- Stronger compliance controls
Why Fixed Asset Tagging and Verification Are Important
Proper asset governance is critical for statutory compliance and business efficiency.
Our fixed asset tagging and verification services help organizations achieve:
- Accurate and updated Fixed Asset Register (FAR)
- Strong audit trails and internal controls
- Reduced asset loss, theft, and duplication
- Reliable balance sheet reporting
- Improved readiness for statutory, internal, and tax audits
Our Fixed Asset Tagging & Verification Methodology
Step 1: Project Planning and Scope Finalization
We understand asset categories, locations, volumes, and audit requirements before execution.
Step 2: Physical Verification of Fixed Assets
Our trained teams perform on-site physical verification to confirm asset existence, condition, and location.
Step 3: QR / Barcode / RFID Asset Tagging
Each verified asset is tagged using secure, durable identifiers linked to digital records.
Step 4: Mobile App Data Capture
Assets are scanned using our mobile application with geo-tagging and image capture.
Step 5: Cloud Data Upload and Reconciliation
Scanned data is uploaded to our cloud platform and reconciled with book records.
Step 6: Report Generation
We generate variance reports, FAR updates, and audit documentation.
Our Key Service Offerings
Fixed Asset Register (FAR) Preparation
We prepare and validate comprehensive Fixed Asset Registers aligned with accounting standards.
Key Outcomes:
- Clean, audit-ready data
- Clear asset ownership and location records
- Support for statutory compliance
Our fixed asset tagging and verification services in India are trusted by manufacturing companies, hospitals, IT parks, and corporate offices. With our fixed asset tagging and verification services in India, businesses can ensure accurate asset records, reduce audit risks, and maintain long-term compliance.
Learn more about our Inventory Verification Services.
Asset Tagging Audit and Execution
We conduct detailed asset tagging audits and execute tagging using QR, barcode, or RFID solutions.
Key Outcomes:
- Unique identification of assets
- Improved traceability
- Strong alignment between physical and book records
Physical Verification of Fixed Assets
Our verification services include multi-location audits and detailed reconciliation.
Key Outcomes:
- Confirmed asset existence
- Book vs physical reconciliation
- Exception and variance reporting
- Audit comfort under Companies Act
Physical Verification of Inventory
We also conduct physical verification of inventory for asset-intensive businesses.
Key Outcomes:
- Accurate stock reporting
- Improved financial controls
- Audit-ready inventory documentation
Industries We Serve
Our fixed asset tagging and verification services are widely used in:
- Manufacturing Plants
- Hospitals and Laboratories
- Retail Chains
- Warehouses and Logistics
- IT and Corporate Offices
- Educational Institutions
- Infrastructure Companies
Role in Audit, ICFR, and Compliance
Our services support:
- Statutory Audits
- Internal Audits
- CARO Reporting
- ICFR / IFC Compliance
- Asset Impairment Reviews
- Disposal Verification
Auditors can instantly verify asset existence and ownership using our digital records.
Why Choose TagMyAssets?
- Mobile app–based execution model
- Pan-India project experience
- Audit-aligned methodology
- Cloud-based reconciliation platform
- Management-ready reporting formats
- Experienced CA-led advisory support
TagMyAssets recently executed a multi-location fixed asset tagging and verification project for a manufacturing company with over 150,000 assets. Using our mobile app–based platform and QR code tagging system, we completed physical verification, reconciliation, and FAR updation within six weeks.
The client achieved improved audit readiness, reduced asset discrepancies, and stronger internal controls.
Our Technology Advantage
Our fixed asset tagging and verification services are powered by:
- Secure Android mobile applications
- Cloud-based reconciliation dashboards
- Geo-tagged asset verification
- Image-based asset validation
- Automated variance reporting
This ensures high accuracy and transparency across all projects.
Deliverables You Receive
After project completion, you receive:
- Updated Fixed Asset Register
- Asset Tagging Master
- Reconciliation Statement
- Exception Reports
- Location-wise Asset Summary
- Audit Documentation File
- Digital Database Access
Frequently Asked Questions (FAQs)
What are fixed asset tagging services?
Fixed asset tagging services involve labeling assets using QR codes, barcodes, or RFID and linking them to verified digital records.
What is included in fixed asset verification services?
It includes physical verification, reconciliation with books, variance analysis, and audit reporting.
How often should physical verification be conducted?
Ideally once every year or as per audit and regulatory requirements.
Does asset tagging support statutory audits?
Yes, it improves audit readiness, transparency, and compliance.
What technologies does TagMyAssets use?
We use mobile applications, QR/barcodes, cloud dashboards, and geo-tagged verification.
How long does a typical project take?
Project timelines depend on asset volume and locations, usually ranging from 2 to 8 weeks.
What are fixed asset tagging and verification services in India?
Fixed asset tagging and verification services in India include physical verification of assets, tagging with QR/barcodes/RFID, and reconciliation with the fixed asset register (FAR) to generate audit-ready reports.
What is included in fixed asset tagging services?
Fixed asset tagging services include asset identification, tag printing/pasting, mobile scanning, geo-tagging/image capture (if required), and linking each asset to a unique digital record.
What is included in fixed asset verification services?
Fixed asset verification services include physical verification of fixed assets, location/condition confirmation, reconciliation with books, variance reporting, and FAR updation recommendations.
What is the difference between fixed asset tagging and physical verification?
Tagging is assigning a unique ID to each asset using a tag. Physical verification confirms whether the asset exists, where it is located, and its condition. Most audits require both together.
How does fixed asset tagging help in audits and compliance?
It improves audit trails, reduces missing assets, supports internal controls (IFC/ICFR), and provides documentation for statutory and internal audits.
Which tag type is best—QR code, barcode, or RFID?
QR codes and barcodes are cost-effective and can be scanned using mobile apps. RFID is useful when bulk/rapid scanning is needed and requires RFID readers and setup.
How often should physical verification of fixed assets be done?
Many organizations conduct it annually or as per internal policy and audit requirements. High-value or theft-prone assets may be verified more frequently.
What deliverables do we receive after the project?
Typical deliverables include an updated FAR, tagging master, reconciliation/variance report, exception list, and management summary for audit readiness.
How long does a fixed asset tagging and verification project take?
Timelines depend on asset count, locations, and access. Most projects range from 2 to 8 weeks for medium to large organizations.
Do you provide services across multiple locations in India?
Yes, TagMyAssets executes multi-location fixed asset tagging and verification services across India with standardized methodology and consolidated reporting.
Get a Free Consultation
Looking for reliable fixed asset tagging and verification services in India?
📞 Call: +91-9650003293
📧 Email: hitesh@tagmyassets.com
💬 WhatsApp: +91-9650003293
Request a free assessment and sample report today.
Good Reads
Learn more about our Inventory Verification Services
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Institute of Chartered Accountants of India (ICAI)
