Velupillai & Co provides total Solutions under one roof to its clients in relation to fixed asset management. We provide following services in this regard:

  • Updation of existing FA Register and review of capitalization as per the provisions of AS-10 of ICAI.
  • Asset Verification and Tagging Services
  • Preparation of FA Register, regular updation on half yearly basis and review of capitalization as per the provisions of AS-10 of ICAI.
  • Reconciliation of FA Register with the physical verification results.
  • Physical verification of FA (only if FA registers is not being maintained by us).
  • Compilation of discarded and/or obsolete items list
  • Fixed Asset Inventory and Reconciliation Services – FAIR
  • Compliance Repository Maintenance
  • Fixed Assets Audits
  • Depreciation Calculation and Accounting.

Fixed asset management is an accounting process used to track fixed assets for the need of financial accounting (depreciation). Many companies also elect to track the whereabouts, quantity, condition and maintenance records relating to fixed assets for tax and insurance purposes.