Best Practices Fixed Assets Management Services Team Must Ensure

 

Fixed assets management services

In order to offer the top fixed assets management services, we must follow certain best practices as part of our basket of services. Out of those best practices we have listed down 5 of them.

1.       Proper Documentation of assets for fixed assets management services. It will include policies and procedures in writing for the acquisition and disposal of assets. Documentation must be supported by authorized vouchers.

2.       Classification of assets is done once the documentation is complete. Each asset must be clearly marked and tagged with unique identification for each department or vertical.

3.       Complete physical verification of assets is required at the time of fixed asset management to ensure all assets are physically mapped and marked against their respective heads in the books of accounts.

4.       Reporting of fixed assets will be done only after the physical counting of the fixed assets in the field is complete and they are then cross checked with their respective entries in the books of accounts.

5.       The team conducting the Physical counting and mapping of fixed assets in the books of accounts should be separate from the team who are the custodians of those fixed assets.
Mynd Solutions is one of the top fixed assets management services provider in India and across 60 other countries through associate partners. With over 3000 satisfied customers from across industries has a strong foothold in an array of business processes in Finance and Accounting, Human Resources, Information Technology, consulting and audits, etc.

Choose the Right Amongst the Various HR Management Companies

Human resource outsourcing companies

 

Engage the services of the right human resource outsourcing companies for your business to ensure the proper functioning of all departments. As the Human Resource is becoming an important aspect of the business with ever evolving roles and the way employees seek information. It is indeed important that employee engagement is handled with utmost care. Additionally, engaging employees the right way is even more important as today the industries and business organizations are marred with the high attrition rates as well.

Thus, with an increasing number of human resource outsourcing companies in the arena, how can one decide about choosing the right human resource information system to partner with.

Tips that help you shortlist the right HR management companies for your business

1.     Expertise

2.     End to End Solutions

3.     Package of services

4.     Reduce cost

5.     Maximize Productivity

With an impressive background of serving more than 3000 clients across industries we provide a gamut of services under the human resource services. At Mynd Solutions, we help you save costs drastically with our technologically advanced human resource information system, specialized operations and with a pool of highly qualified personnel.

With operations across more than 60 countries, Mynd Solutions is a leading service provider and deals in an array of business processes in Finance and Accounting, Human Resources, Information Technology, consulting and audits, etc.

Touch base with us for competent handling and human resource information system management or know more at www.myndsolution.com.