Maintaining an accurate and reliable fixed asset inventory is a challenging and labor-intensive task for any organization.
With a team of highly qualified professionals, the objective of Impax is to become a one stop destination for services related to fixed asset management for our clients. While Impax’s fixed asset management service will assist you in meeting external/internal audit requirements, it can also be extremely beneficial in meeting your capital budgeting, financial and risk management reporting requirements.
Fixed asset verification is an important concern of every company, regardless of its size. Many organizations face a significant challenge to track the location, quantity, condition, and maintenance and depreciation status of their fixed assets. Impax’s comprehensive approach cleanses and fortifies the fixed asset register to establish a strong foundation for effective fixed asset management.
Our Fixed Asset Management Services provide the necessary data visibility to identify operational savings in many areas and avoid the risk of non-compliance with financial, tax and regulatory issues
A true and fair statement of fixed assets
An updated FAR
Results into better internal control and accountability
Audit compliance
Better and simpler decision making process
Assessment of FAR (Fixed Assets Register) & Accounting Records
Project Planning & Effort Estimation
Physical Verification & Tagging of Assets
Reconciliation of Physical Verification Report with FAR
Discussion of Discrepancies & Sign-off
Updation of FAR