Asset auditing is a process of physically verifying an organization’s assets to confirm that the assets listed on the balance sheet are real and exist physically. It involves conducting a physical examination of the assets, followed by reconciling the data with the asset register. This process is essential for operational and financial reasons, as it helps organizations establish the existence and location of their assets, as well as evaluate their usable condition.

At Rincon, we understand the importance of tracking mobile assets, ensuring they are available, in good condition, and locatable. That’s why we offer complete physical audit services that include all your locations. Our approach is 90% quicker and more accurate than manual paper and pen methods, as we use different tags depending on the need.

After the audit, assets are classified into three categories:

  • Available and good to use
  • Available but not fit for use
  • Not available at all

Our reports generated classify the assets into either of these three categories. Based on management’s decision, the items in the second basket may be sent for repairs or renewal. The third basket items may be written off.

If you’re interested in learning more about our asset auditing services, please feel free to contact us at sales@rincon.co.in.