Accounting & Tax

Asset tagging and Asset management

Managing fixed assets is complex, involving accurate tracking of movements, additions, location, condition, maintenance, and depreciation. Jumeira Consultancy provides expert assistance to streamline this process. Our professionals ensure precise asset management, classifying assets and sub-assets based on hierarchy and location. Whether your business is small or large, in services or manufacturing, a well-maintained fixed asset register is vital. It reduces costs, prevents fraud, maximizes asset value, and aids decision-making. Trust Jumeira Consultancy for effective asset management, allowing you to focus on core operations.

Fixed Asset Tagging in Dubai

Our services encompass the preparation of fixed asset registers, fixed asset management, reconciliation, and asset tagging.

Benefits of Maintaining a Fixed Asset Register:

  • Annual Depreciation Calculation: Accurately calculate yearly depreciation.
  • Asset Tracking: Effectively monitor your assets.
  • Budgeting and Cash Flow Management: Facilitate proper budgeting for asset maintenance, upgrades, and replacements.
  • Fraud and Theft Prevention: Safeguard against asset fraud and theft.
  • Audit Facilitation: Ensure credible audit opinions on your assets.
  • Asset Organization: Maintain a comprehensive and organized listing of all assets.
Fixed Asset Tagging: We assist in tagging your assets to ensure accurate tracking. We offer various options, from barcode tags to metal tags and advanced RFID tags that monitor asset movements. Fixed Asset Reconciliation: Accurate records of fixed assets are essential for informed business decisions and avoiding unnecessary spending. Periodic reconciliation of fixed assets ensures they are intact and properly utilized. It also helps identify unused, missing, or obsolete assets.

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How Jumeira Can Assist You?

What We Offer:

  • Expert Review: We start by analyzing your current asset tagging practices and identifying areas for improvement.
  • Comprehensive Tagging: Our team performs a physical verification of all your fixed assets, assigning unique tags for clear identification.
  • Empowering Knowledge: We provide training on asset tagging and verification procedures, ensuring your team fully understands the process.
  • Detailed Reporting: You receive a comprehensive report listing your entire fixed asset inventory, including location, department, user information, serial numbers, and asset status. This report is provided in an accessible Excel format.
  • Reconciliation Assistance: We assist you in reconciling your existing asset records with the newly tagged assets to ensure data accuracy.

Our expert team at Jumeira can help you manage your fixed assets efficiently, saving you both time and money. We handle everything from preparing an asset register to regularly tracking asset movements. Our proven track record spans various industries, including:

  • Contracting
  • Development
  • Hospitality
  • Manufacturing
  • Healthcare
  • Trading and Warehousing

Trust us to professionally manage your fixed assets, regardless of the scale or industry.

Contact us today to learn how we can streamline your asset management and boost your operational efficiency!

Email: info@jumeiraconsultants.com | Phone: +971 52 809 8408