Asset Verification, Tagging & Reconciliation

Asset Verification and Tagging means the identification, tracking, and controlling of assets with

tags in order to avoid asset misappropriation and maintain smooth operations throughout.

Asset reconciliation is a very important part of asset management. It is the process of reconciling

the discrepancies between a physical inventory of what exists and the Asset record as it exists in

the accounting system and is a very crucial thing for any Organization.

With high capital and revenue expenditure against a growing number of compliance

requirements, it is vital that proper inventory records are kept, and asset verification is done.

Benefits of Asset Verification Tagging and Reconciliation:

• Regular tracking of assets

• Correct Financial Reporting

• Reduces theft       

• Superior monitoring of movement

• Saves time and money     

• Efficient resource Allocation