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Asset Verification Services

Unlock the full potential of your assets with our comprehensive fixed asset Verification solutions.

What is Asset Verification Services

 

TagMyAssets delivers end-to-end asset verification services, combining on-site physical verification with precise reconciliation of assets against the Fixed Asset Register (FAR).

 

At TagMyAssets, we conduct comprehensive asset verification using structured methodologies such as Sheet to Floor and Floor to Sheet, ensuring accuracy, traceability, and audit compliance.

 

Our services help organizations identify missing assets, excess assets, incorrect locations, and discrepancies in financial records, enabling better control and decision-making.

Our Asset Verification Methodology

  • We follow a structured and audit-ready approach:

    1. Sheet to Floor Verification

    • Assets from FAR are physically verified at site
    • Tagging and validation done simultaneously

    2. Floor to Sheet Verification

    • Assets available at site are identified first
    • Later mapped with FAR records

    3. Asset Tagging (Optional but Recommended)

    • QR / Barcode / RFID tagging
    • Mobile-based data capture

    4. FAR Reconciliation

    • Matching physical assets with records
    • Identification of:
      • Not Found Assets
      • Excess Assets
      • Misplaced Assets

    Importance of Asset Verification Services for Businesses

    Asset verification services play a crucial role in ensuring the accuracy of financial records and improving internal control over assets. Companies across industries rely on professional asset verification services to identify discrepancies, prevent asset loss, and ensure compliance with audit requirements.

    Regular asset verification also helps organizations maintain updated Fixed Asset Registers (FAR), improve asset utilization, and support better decision-making.

Scope of Asset Verification Services

Include:

 

  • Physical verification of fixed assets
  • Asset tagging (QR / RFID)
  • Location mapping
  • User mapping
  • Condition verification
  • FAR reconciliation
  • Audit-ready reports 

Choose TagMyAssets for Asset Verification Services

  

  • Pan India execution capability
  • 100,000+ assets handled
  • Mobile app-based verification
  • RFID / QR expertise
  • Audit & compliance focus

Deliverables Provided

  • Updated Fixed Asset Register (FAR)
  • Exception Report
  • Tagging Report
  • Location-wise Asset Summary
  • Audit Support Documents

Our asset verification services are designed to deliver accurate, reliable, and audit-ready results for businesses across India.


As per accounting standards like Companies Act, 2013, asset verification is essential for compliance.

Get a Quote

Use the contact details below or fill out the form, and we’ll be in touch promptly.

Need more help?

Don’t hesitate to contact us for more information.

Phone

+91 96500 03293

Email

connect@tagmyassets.com

Benefits of Fixed Asset Tagging

Tracking of assets

Tracking of assets by using tags which broadcast their location.

Reduction in theft

Identifying the location of assets using tags helps reduce theft.

Saves time and money

Use of digital technology helps expedite the process.

Correct reporting in financial records

Accurate tracking and management helps in maintaining correct records.

Monitoring for movement between locations

Helps tracking assets while in transit and movement from one location to another.

Efficient resource allocation

Use of digital technology helps reduce manpower resources and time.

Our Process

1.
Physical Verification

 

Our trained verification teams physically inspect assets at site using a structured floor-to-sheet and sheet-to-floor methodology. Each asset is identified, verified, and matched with available records to confirm existence and condition.

2.
Obtain & Review Fixed Asset Register (FAR)

 

We obtain the existing Fixed Asset Register from the client and review it to understand asset categories, locations, capitalization details, and gaps between records and ground reality.

3.
Data Sensitization & Standardization

 

Asset data is standardized by correcting descriptions, categorizing assets appropriately, and removing duplications or obsolete entries to ensure consistency and audit usability.

4.
Asset Tagging & Categorization

 

Each verified asset is tagged with a durable QR/Barcode tag and mapped to the updated database. Assets are categorized based on type, location, department, and usage.

5.

Reconciliation & Reporting

 

Physical verification results are reconciled with the FAR, and detailed variance reports are prepared highlighting shortages, excesses, and unidentified assets.

Our fixed asset management services help organisations track, verify, and manage assets accurately using technology-driven solutions.

Fixed asset management services by TagMyAssets help organizations track, verify, and manage fixed assets through asset tagging, physical verification, and FAR reconciliation using QR, Barcode, and RFID technology.

Our fixed asset management services work seamlessly with our inventory verification services.