Fixed Asset Register.
A fixed asset register records every item of property, plant and equipment you own: where it is, what it cost and how it has been depreciated. We build or update the register, calculate depreciation under Schedule II of the Companies Act, 2013 and separately for income tax, and reconcile it with the books and with a physical verification.
An annual update typically takes 1–2 weeks. A first-time build with tagging takes longer, depending on the number of assets and locations.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies whose auditor reports on asset records under CARO 2020
- Manufacturers and businesses with assets across several locations
- Companies that have never tagged or verified their assets
- Businesses preparing for a sale, an insurance claim or a lender's valuation
What you receive at the end.
- 01Updated fixed asset register
- 02Book and tax depreciation schedules
- 03Physical verification report
- 04Reconciliation with the general ledger
Fixed Asset Register, step by step.
An annual update typically takes 1–2 weeks. A first-time build with tagging takes longer, depending on the number of assets and locations.
- 1
Data collection
We gather purchase invoices, capitalisation records and the existing register, if any.
- 2
Register build
We record each asset with its description, location, cost, date put to use and useful life.
- 3
Depreciation calculation
We calculate book depreciation under Schedule II and tax depreciation under the income-tax block-of-assets rules.
- 4
Physical verification
We verify assets against the register, tag them where needed and note missing or idle items.
- 5
Ledger reconciliation
We reconcile the register with the general ledger and propose adjustments.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Existing fixed asset register or schedule
- Purchase invoices for additions
- Sale or scrap documents for disposals
- Capital work-in-progress records
- Location and custodian details
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Fixed Asset Register.
Ready to discuss Fixed Asset Register?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.