Fixed Assets Services
The process of managing fixed assets is often considered a significant challenge by most businesses. The movement of assets and the addition of assets need to be recorded properly in order to avoid misinterpretation, overstatement, or understatement of the financial reports. Moreover, one needs to accurately monitor its location, quantity, condition, maintenance, and depreciation of the assets. At AKM Accounting, we comprise a qualified and professional team that will help you manage your assets efficiently and keep track of your assets. Further, our team will help classify them based on several factors such as hierarchy, location, and more.
Be it a small or large-sized organization; fixed asset management is an integral part of every business. Regular maintenance is vital, as these help businesses reduce cost, detect and prevent fraud, and maximize asset value. From preparing an asset registration to managing and tracking it regularly, our team has proven records in managing a large number of fixed assets for clients spread across various industries. To avail of our fixed asset management service in Dubai, contact our team or speak to our online representative.
Our Service Inclusions
AKM Accounting provides holistic solutions under one roof to our clients concerning asset management. Our team works in partnership with you and your team to develop a tailor-made product perfectly fit for your business. These services include:
- Preparation and maintenance of fixed asset register as per IAS 16.
- Asset verification and tagging services
- Reconciliation of the fixed asset register with the physical verification results.
- Physical verification of the FA with the records provided by the client.
- Compilation of discarded and/ or obsolete items list.
- Fixed asset inventory and reconciliation services.
- Compliance repository maintenance.
- Fixed assets audits.
- Calculating depreciation and checking fixed assets for impairments.
- Fixed assets revaluation.
Why Choose to Outsource Fixed Asset Accounting
Given the high volume of activities conducted in any organization, whether big or small, business owners often find it challenging to handle multiple aspects efficiently. When companies outsource fixed asset accounting service, it allows business owners to focus and improve core aspects of the business. Additionally, it eliminates the costs of hiring new employees while allowing businesses to acquire expertise of professional experts. Below we’ve listed other benefits offered when outsourcing fixed asset accounting services:
- Save money
- Save time
- Allows more time to focus on core areas of the business
- Improved speed and accuracy
- Reduced risk
- Expert team
- High-quality service
- World-class infrastructure
- Quick turnaround time