Worried about what percentage of depreciation to charge? Or when to replace your fixed assets such as motor vehicle and machinery? What should be the estimated life of a fixed asset? All these questions need to be answered very sincerely and thoroughly by the businesses, because a misjudgment in the valuation of fixed asset could prove to be troublesome for businesses. As failing to manage all these properly and according to the law could affect the integrity of the public and private limited businesses. That is why It is necessary for businesses to have proper fixed asset management.
For this reason, Sayub & co. also offers fixed asset management services to your business along with the other services being provided by our firm. Our firm will ensure quite a few things for our clients. Such as, the fixed assets are tracked and updated so that your business can maintain efficiency and at the same control the fixed assets in most profitable way. This will be done through providing information to the clients related to fixed assets and it will be ensured that no ghost fixed assets are in the records of the business. As public and private limited companies must have an audit every year related to tax and for trading of shared. The over valuation of accounts can directly affect the accounting of the business and can increase the chances of questionable integrity of the business which can result in action by the securities exchange of Pakistan.
Properly maintaining and managing fixed assets would also increase the business compliance of a business in the society and will add to business value. As it is required by law of Pakistan and the accounting regulations in Pakistan any business must take proper step while valuing their fixed assets. So, why not leave this task on the experienced professionals of Sayub & co. to help you decrease the complexity of doing business. Get in touch now to get help from our professionals.
No comments:
Post a Comment