Accurate Financial Asset Register

Asset verification and tagging leads to identification of assets put to actual use. The rest of the assets can be reconciled and cleaned from the books of accounts. This exercise helps to keep track of the correct value of assets, which allows for computation of depreciation and taxes for insurance purposes while ensuring compliance with corporate and government policies. The use of bar-coding technology makes asset verification simple and efficient. The exercise also helps to clean up the asset register of any disposals or movements that may not have been captured in the books and by giving up to date records of the asset.

