How A Fixed Asset Management System Saves Money & Time

Megasoft helps its esteemed clients in Fixed Assets Management, a procedure that facilitates trail a company’s fixed assets for the aims of financial accounting, theft evasion, and preventive maintenance. Megasoft recognizes Capitalization & Fixed Asset Management as a regimented project solution that is prioritized for highest impact with a clear Return on Investment (ROI) for our previous client. We have inventoried as well as capitalized fixed assets right from those owned by a small scale facility to multi-billion dollar organizations with several businesses as well as sites spread across diverse geographical areas.

Varied activities are carried out underneath fixed asset management with a wide scope of activities mentioned as below : -

• Monthly capitalization and inventory reconciliation
• Planning, preparation, and maintenance of fixed asset register
• Physical verification as well as tagging of Assets
• Operating depreciation calculations as per statutory laws as well as US GAAP

Underneath capitalization initial activities carried out are : -

• Tag assets with bar code labels for simple identification of assets
• Provisional Capitalization (in cases where information is not accessible)
• Creation of location Ids in sync with precious client
• Applying Internal Controls systems over expenditure on fixed assets
• Capital work-in-progress (CWIP) analysis to kick off capitalization procedure
• Identification & Physical verification of client assets across all locations to suit the physical records with the book records

• Capitalization procedure for a specific month would be finished on a pre-decided date in following month

One of the main challenges witnessed by Companies is to have a normal verification of the Fixed Assets owned by them. Several times it happens that the management is not confident of the subsistence of all the Fixed Assets that reflect in records, the simple answer is to conduct complete fixed assets and inventory verification work out. Megasoft helps esteemed clients to carry out fixed assets as well as inventory verification.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.