Hospitalmulti-building campus
Biomedical equipment, furniture and IT across every floor and annex; the existing spreadsheet register matched to what is found; unlocated entries listed for the finance team to investigate or write off.
Typical scope
Does your fixed asset register match what's on the floor?
SBC FIX-TAG tags every asset, verifies it on-site, and keeps your register, your books and your auditors in agreement. The software and the field team come from one company.
We reply within business hours, Monday to Saturday.
Tagging & verification teams across India
Companies Act, Income Tax, Ind AS 16, CARO 2020
Live in weeks, not months
Fixed asset register1 discrepancy raised
| Tag | Asset | Book value | Floor |
|---|---|---|---|
| FT-00412 | CNC lathe | ₹18,40,000 | Verified |
| FT-00987 | Ventilator | ₹6,25,000 | Verified |
| FT-01203 | Laptop (i7) | ₹72,500 | Not found |
| FT-01510 | Diesel generator | ₹11,90,000 | Verified |
| FT-01774 | Projector | ₹48,000 | Found, Room 118 |
| FT-02041 | Server rack | ₹4,10,000 | Verified |
Register vs floor · example data100% checked
- Built around
- Companies Act 2013, Schedule II
- Income Tax Act, section 32
- Ind AS 16
- CARO 2020, clause 3(i)
- GST ITC on capital goods
When the register and the floor disagree, finance pays for it
Most Indian organisations still run fixed assets on a spreadsheet that nobody has walked the floor with in years. The gap shows up at the worst time: audit season.
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Ghostson the register
Ghost assets you're still depreciating
Scrapped, stolen or never-delivered items sit on the register, inflate the balance sheet and quietly distort depreciation and insurance premiums.
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CARO2020, clause 3(i)
A qualified audit report
For companies covered by CARO 2020, auditors must state whether physical verification was done at reasonable intervals and whether discrepancies were dealt with. "No records" is a qualification waiting to happen.
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2 booksCompanies Act + Income Tax
Depreciation computed twice, by hand
Schedule II useful lives for the statutory books, WDV block rates for tax, componentisation under Ind AS 16. Spreadsheets drift; the two sets stop agreeing.
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Weekslost every cycle
Verification that eats the finance team's quarter
Printing lists, walking branches, chasing admin for transfer memos, reconciling by hand. Then doing it again next year from scratch.
Three ways we work with you
Take the software on its own, bring our team on-site for tagging and verification, or both. Most customers start with a verification exercise and keep the platform.
Asset tagging and identification
QR, barcode or RFID tags fixed on every asset by our team, with photo, location and custodian captured at the point of tagging.
Tagging services
Physical verification
Floor-to-register verification by location, a variance register for every discrepancy, and a CARO 2020-format report that supports your auditor's review.
Verification servicesFixed asset management software
Cloud register, phone scanning, dual depreciation, procurement-to-disposal lifecycle and audit trail, with India data residency.
The platformEverything else you'll want to check before you call
- Platform and modulesEvery screen, the twelve modules, what's coming next, and what our team does on your premises.
- Industries and rolesManufacturing, hospitals, education, hospitality, PSUs, banks; what the CFO, controller and auditor each get.
- ComplianceSchedule II, Income Tax, Ind AS 16, CARO 2020, GST ITC, and how we compare with spreadsheets and ERP modules.
- PricingPlatform per asset, services per site, no per-user charges. Quote on request.
- Process and timelineThe five-step loop and a typical four-week implementation.
- FAQERP overlap, how long tagging takes, doing it yourselves, messy registers, data residency.
What an engagement typically covers
Manufacturerone or more plants
Plant and machinery, moulds and dies across units; large machines split into components where Ind AS 16 requires it; Companies Act and Income Tax depreciation from one asset master.
Typical scope
Education trustmultiple campuses
Lab equipment and hostel furniture across campuses on one register; grant-funded assets flagged for separate reporting; a re-verification cycle for the trust's auditors.
Typical scope
These describe typical engagements, not specific clients. Client case studies will be published here with each client's permission.
From the blog
Physical Asset Verification vs. Fixed Asset Audit: Key Differences
Understand the difference between physical asset verification and a fixed asset audit, including scope, process, records, reconciliation and business benefits.
Read the articleWhat Is Physical Asset Verification? Process, Benefits, and Best Practices
Physical asset verification helps businesses track fixed assets, verify asset locations, identify discrepancies and maintain accurate asset records for audits.
Read the articleFixed Asset Register (FAR): Meaning, Importance, and Maintenance
What a fixed asset register is, what it should contain, why it matters, and how to keep asset records accurate for depreciation, verification and audits.
Read the article
Start with a 15-minute call
Tell us roughly how many assets and locations you have. We'll tell you what a tagging and verification engagement would cost and how long it takes, on the same call.