Service Details
Fixed Assets Verification

Fixed Assets Verification

At Grantson Consulting, we understand the importance of effectively managing your organization’s fixed assets. Maintaining an accurate and up-to-date record of your assets is crucial for financial reporting, compliance, and decision-making. Our Fixed Assets Verification and Tagging services are designed to assist businesses in streamlining their asset management processes, ensuring accuracy, and maximizing the value of their assets.

Our team of experienced professionals specializes in conducting comprehensive physical verification exercises to verify the existence, condition, and location of your fixed assets. By employing robust methodologies and utilizing advanced technology, we meticulously examine your assets, cross-referencing them with your existing records to identify any discrepancies or irregularities.

During the verification process, we also provide asset tagging services, where we affix unique identification tags to each asset. These tags contain essential information such as asset codes, descriptions, and serial numbers, facilitating easy identification and tracking. The use of asset tags enhances visibility, reduces the risk of loss or theft, and simplifies asset audits and reconciliation.

Key Features of our Fixed Assets Verification and Tagging Services:

  1. Comprehensive Asset Verification: Our team undertakes a thorough physical inspection of your assets, verifying their existence, condition, and location. By reconciling physical counts with your asset register, we ensure an accurate representation of your assets.

  2. Asset Tagging: We affix durable and tamper-evident asset tags to each fixed asset. These tags provide unique identification and enable efficient tracking and management throughout their lifecycle.

  3. Data Collection and Validation: Our professionals collect detailed data on each asset, including descriptions, specifications, and relevant documentation. We validate this information against existing records and update any discrepancies or missing details.

  4. Asset Register Reconciliation: We help you reconcile your physical asset count with your asset register, identifying and resolving any discrepancies. This ensures that your financial statements accurately reflect your organization’s asset holdings.

Done correctly, a fixed asset verification and reconciliation can save you money, create capital, increase cash flow, improve balance sheets, and cut down on payable taxes. Grantson Consulting knows how to approach what can be a daunting task for any company regardless of size. We can lend your accounting staff an expert hand by undertaking a fixed asset verification and reconciliation that will:

Avoid duplicate assets
Avoid unrecorded assets
Code and enter accurate identifying details for all assets
Apply standard depreciation criteria to all assets
Correctly value assets

Asset Register Reconciliation: We help you reconcile your physical asset count with your asset register, identifying and resolving any discrepancies. This ensures that your financial statements accurately reflect your organization’s asset holdings.Done correctly a fixed asset verification and reconciliation can save you money, create capital, increase cash flow, improve balance sheets and cut down on payable taxes. Grantson Consulting knows how to approach what can be a dauting task for any company regardless of size. We can lend your accounting staff an expert hand by undertaking a fixed asset verification and reconciliation that will:

There is more than one way to do business, but all involve paying and receiving. Paying for production materials, office premises, and people's talent. Receiving funds for sales, services, and credits. Successful businesses know that central to their success is keeping these two disparate areas in balance. Money going out must equal money going in.

If you are a small to medium-sized business needing to outsource your receivables and payables or a large business requiring help to reorganize and streamline these processes, then Grantson Consulting can help.

We have team members whose strong suits are in the collection of revenue and correction of outstanding debts. They can do the following:

  • Look at current payable and receivable processes and make improvements.
  • Assure recording, tracking, and closing of historic, outstanding payments and collections.
  • Set up a robust, client-tailored system that will easily move transactions from one accounting area to another with the push of a button.
  • Design the system to automatically generate monthly, quarterly, and annual reports for the finance department and executive.

With these accounting cornerstones under control, our team can further customize our service to assure clients will always keep the scales balanced, ensuring cash flow, secure vendor and supplier relationships, and overall smooth operations.

Grantson Consulting offers a wide spectrum of accounting services that answer to the financial needs of any business in the global market.

We ensure that the financial statements comply with International Financial Reporting Standards (IFRSs) and are committed to keeping the highest level of professional standards and quality.

This segment is engaged in providing the following services:

  • Financial accounting system design & implementation
  • Setting up of accounting procedures
  • Accounts updation on periodical basis
  • Supervision and review of financial accounting records
  • Financial reporting (preparing balance sheet, statement of comprehensive income, statement of equity, statement of cash flows, etc as per IFRS)

At Grantson Consulting, we understand the importance of effectively managing your organization's fixed assets. Maintaining an accurate and up-to-date record of your assets is crucial for financial reporting, compliance, and decision-making. Our Fixed Assets Verification and Tagging services are designed to assist businesses in streamlining their asset management processes, ensuring accuracy, and maximizing the value of their assets.

Our team of experienced professionals specializes in conducting comprehensive physical verification exercises to verify the existence, condition, and location of your fixed assets. By employing robust methodologies and utilizing advanced technology, we meticulously examine your assets, cross-referencing them with your existing records to identify any discrepancies or irregularities.

During the verification process, we also provide asset tagging services, where we affix unique identification tags to each asset. These tags contain essential information such as asset codes, descriptions, and serial numbers, facilitating easy identification and tracking. The use of asset tags enhances visibility, reduces the risk of loss or theft, and simplifies asset audits and reconciliation.

Key Features of our Fixed Assets Verification and Tagging Services:

  1. Comprehensive Asset Verification: Our team undertakes a thorough physical inspection of your assets, verifying their existence, condition, and location. By reconciling physical counts with your asset register, we ensure an accurate representation of your assets.

  2. Asset Tagging: We affix durable and tamper-evident asset tags to each fixed asset. These tags provide unique identification and enable efficient tracking and management throughout their lifecycle.

  3. Data Collection and Validation: Our professionals collect detailed data on each asset, including descriptions, specifications, and relevant documentation. We validate this information against existing records and update any discrepancies or missing details.

  4. Asset Register Reconciliation: We help you reconcile your physical asset count with your asset register, identifying and resolving any discrepancies. This ensures that your financial statements accurately reflect your organization's asset holdings. Done correctly, a fixed asset verification and reconciliation can save you money, create capital, increase cash flow, improve balance sheets, and cut down on payable taxes. Grantson Consulting knows how to approach what can be a daunting task for any company regardless of size. We can lend your accounting staff an expert hand by undertaking a fixed asset verification and reconciliation that will:

  • Avoid duplicate assets,

  • Avoid unrecorded assets,

  • Code and enter accurate identifying details for all assets,

  • Apply standard depreciation criteria to all assets,

  • Correctly value assets.

  1. Reporting and Documentation: Our services include comprehensive reporting, documenting the verification results, asset details, and any recommendations for process improvements or corrective actions. These reports serve as valuable references for audits, compliance, and decision-making purposes.

By engaging Grantson Consulting for Fixed Assets Verification and Tagging services, you can benefit from our expertise and commitment to delivering accurate, reliable, and efficient asset management solutions. Our services can help you minimize the risk of errors, improve financial reporting, optimize asset utilization, and enhance overall operational efficiency.

Contact us today to learn more about how our Fixed Assets Verification and Tagging services can add value to your organization.

With today’s human talent working globally, remotely and across countries, employers can face challenging tax issues when it comes to individual and business tax compliance. Companies that have international operations and staff members, need to assure their adherence to tax obligations in the correct country of filing. This can be a daunting and confusing task made easier by engaging the services of Kress Cooper.

As an international firm ourselves, we are well versed in the procedures and processes that must be implemented before tax season is upon us. By being conversant in who pays what tax where, companies can avoid any costly mistakes and omissions.

We help companies to:

  • Evaluate current tax compliance structures across locations.
  • Assure that all labour laws and tax obligations are being routinely met.
  • Capitalise on specific market taxation structures for both individuals and companies.
  • Put into place correct reporting and payment of taxes.
  • Advise companies on HR policies that can widen their talent net without tax considerations as a possible deterrent.

By putting into place a robust tax structure for employees and employers, we can help companies not only avoid reputational and financial retribution but also open up their existing HR structure to embrace talent that might

A classic HR department has been stretched by current global trends in technology, knowledge bases, and newly created niches. Employers and employees are facing new demands as the pace of modern businesses intensifies and widens. Grantson Consulting can help clients to manage their HR functions while optimising them to increase individual productivity and company success.

By looking at all areas that fall under the HR umbrella, we can make lasting positive change to your human capital and monetary capital. We can:

  • Evaluate current compensation to assure that it is competitive and cost-saving.
  • Structure different reward systems such as bonuses and profit-sharing.
  • Analyse current regulatory HR payments and advise on streamlining and incorporating them.
  • Re-evaluate current human capital organisation and make recommendations to keep it relevant now and in the future.
  • Create effective policies and procedures that touch the members of specific departments and the entire organisation.
  • Examine outsourcing costs and recommend ways companies can bring functions back in-house for long-term savings.
  • Evaluate the current HR technology platform to assure its efficiency and reliability.

In these and other ways, Grantson Consulting can not only act as your HR department but also transform it. People are at the heart of an organisation, and by attracting, managing, and retaining the right people, you can add instant value to your organisation.

Employees rely on receiving their pay packets each month and any system failure that prevents their remittance must be avoided. Grantson Consulting can put in place an infallible payroll system for companies with a handful of local employees, companies with thousands of worldwide employees, and for all of those in between.

We can seamlessly shift the burden of monthly payroll from your in-house team to our payroll professionals who will automate monthly employee pay packets in a timely and secure manner. We will also provide salary information to employees and employers that, depending on need, can include:

  • Time tracking
  • Personal tax contributions
  • Pension contributions
  • Accessed advances
  • Employee personal loan repayments
  • Additional payments, such as expenses and unused vacation days

In addition to the above information, clients will receive all the necessary backup required for taxation and compliance obligations. Grantson Consulting will be a full extension of your accounting department, assuring management and employees that their salaries will always be correct and on time.

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