{"id":98,"date":"2024-04-01T09:50:31","date_gmt":"2024-04-01T09:50:31","guid":{"rendered":"https:\/\/www.thekgac.com\/blog\/?p=98"},"modified":"2024-04-02T04:49:25","modified_gmt":"2024-04-02T04:49:25","slug":"%f0%9d%97%aa%f0%9d%97%b5%f0%9d%97%ae%f0%9d%98%81-%f0%9d%97%b6%f0%9d%98%80-%f0%9d%97%99%f0%9d%97%b6%f0%9d%98%85%f0%9d%97%b2%f0%9d%97%b1-%f0%9d%97%94%f0%9d%98%80%f0%9d%98%80%f0%9d%97%b2%f0%9d%98%81","status":"publish","type":"post","link":"https:\/\/www.thekgac.com\/blog\/%f0%9d%97%aa%f0%9d%97%b5%f0%9d%97%ae%f0%9d%98%81-%f0%9d%97%b6%f0%9d%98%80-%f0%9d%97%99%f0%9d%97%b6%f0%9d%98%85%f0%9d%97%b2%f0%9d%97%b1-%f0%9d%97%94%f0%9d%98%80%f0%9d%98%80%f0%9d%97%b2%f0%9d%98%81\/","title":{"rendered":"What is Fixed Asset Tagging?"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Asset tagging involves attaching tags or labels to assets for individual identification and continuous data tracking, from real-time location to maintenance history. These tags can be allocated to stationary and mobile assets across various sites and warehouses. The primary objective of asset tagging is to monitor the transition of assets between different locations, enabling businesses to attain a comprehensive overview of all their owned assets.<\/p>\n\n\n\n

\ud835\uddd5\ud835\uddf2\ud835\uddfb\ud835\uddf2\ud835\uddf3\ud835\uddf6\ud835\ude01\ud835\ude00 \ud835\uddfc\ud835\uddf3 \ud835\uddd9\ud835\uddf6\ud835\ude05\ud835\uddf2\ud835\uddf1 \ud835\uddd4\ud835\ude00\ud835\ude00\ud835\uddf2\ud835\ude01 \ud835\udde7\ud835\uddee\ud835\uddf4\ud835\uddf4\ud835\uddf6\ud835\uddfb\ud835\uddf4:<\/p>\n\n\n\n

\u2705Monitoring of Fixed Assets<\/p>\n\n\n\n

Applying tags to assets serves as a means to monitor and maintain a record of the physical assets owned by the organization. It establishes a robust foundation for physically verifying assets during financial statement audits.<\/p>\n\n\n\n

\u2705Physical Verification of Assets<\/p>\n\n\n\n

Conducting periodic physical counts of all fixed assets is essential to verify the assets on hand and their corresponding values, ensuring the accuracy of associated financial records. The physical verification (PV) of assets plays a crucial role in identifying obsolete, abandoned, and unused assets.<\/p>\n\n\n\n

\u2705Idle Asset Review<\/p>\n\n\n\n

To identify and make idle, excess, and underutilized equipment available to other departments needing them.<\/p>\n\n\n\n

\u2705Helps in presenting accurate Financial statements<\/p>\n\n\n\n

Conducting a physical count of all inventory items involves cross-checking with financial records to ensure accuracy. This process aims to maintain precise physical inventory records and present them correctly in financial statements. It helps identify whether the accounting standards value the inventory reflected in the financial statements.<\/p>\n\n\n\n

\ud835\udde0\ud835\uddfc\ud835\uddf1\ud835\uddf2\ud835\ude00 \ud835\uddfc\ud835\uddf3 \ud835\uddee\ud835\ude00\ud835\ude00\ud835\uddf2\ud835\ude01 \ud835\ude01\ud835\uddee\ud835\uddf4\ud835\uddf4\ud835\uddf6\ud835\uddfb\ud835\uddf4<\/p>\n\n\n\n

Each organization establishes its unique asset preferences based on specific requirements. The following outlines various types of fixed asset tags:<\/p>\n\n\n\n

\ud835\udde0\ud835\uddee\ud835\uddfb\ud835\ude02\ud835\uddee\ud835\uddf9 \ud835\uddfd\ud835\uddee\ud835\uddfd\ud835\uddf2\ud835\uddff \ud835\udde7\ud835\uddee\ud835\uddf4\ud835\ude00<\/p>\n\n\n\n

These are the cheapest and least durable options. It\u2019s a manual, inaccurate, and unverified task;<\/p>\n\n\n\n

\ud835\udde6\ud835\uddf6\ud835\uddfa\ud835\uddfd\ud835\uddf9\ud835\uddf2 \ud835\uddd5\ud835\uddee\ud835\uddff\ud835\uddf0\ud835\uddfc\ud835\uddf1\ud835\uddf2\ud835\ude00<\/p>\n\n\n\n

It is a simple and quick option requiring a stand-alone database. This makes access to information more difficult;<\/p>\n\n\n\n

\ud835\udde5\ud835\uddd9\ud835\udddc\ud835\uddd7 \ud835\uddef\ud835\uddee\ud835\uddff\ud835\uddf0\ud835\uddfc\ud835\uddf1\ud835\uddf2\ud835\ude00<\/p>\n\n\n\n

These codes are linked to a radio signal, which makes them work as a \u201cchip\u201d and can be integrated with GPS technology.<\/p>\n\n\n\n

\ud835\udde1\ud835\uddd9\ud835\uddd6 \ud835\ude01\ud835\uddee\ud835\uddf4\ud835\ude00<\/p>\n\n\n\n

Like RFID barcodes, they let you register data in real time and access information quickly. They only work in relatively short distances (a few centimeters), and you need to purchase tags with specific features for outdoor use;<\/p>\n\n\n\n

\ud835\udde4\ud835\udde5 \ud835\uddf0\ud835\uddfc\ud835\uddf1\ud835\uddf2\ud835\ude00<\/p>\n\n\n\n

Just like NFC tags, you can read them with a smartphone. They need to be completely visible, which can be a disadvantage with specific assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asset tagging involves attaching tags or labels to assets for individual identification and continuous data tracking, from real-time location to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":4,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":137,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/posts\/98\/revisions\/137"}],"wp:attachment":[{"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thekgac.com\/blog\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}