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Fixed asset verification is the process of physically confirming that every asset recorded in your fixed asset register exists, is where the register says it is, is in usable condition and is valued correctly in your books. Calculate Capitals carries out physical asset verification for companies across Dubai, Abu Dhabi and the UAE, and reconciles the results to your general ledger so your year-end audit goes smoothly.
Registers drift. Assets are moved between sites, written off without paperwork, bought without being recorded or disposed of but left on the books. Under IFRS and UAE corporate tax rules, overstated or ghost assets distort depreciation, profit and tax. A periodic physical verification — usually annually, before audit — closes that gap.
| Check | What we confirm |
|---|---|
| Existence | The asset physically exists |
| Location | It is at the recorded site, floor and room |
| Identification | Tag, serial and description match the register |
| Condition | Working, damaged, idle or obsolete |
| Ownership | Owned, leased or third-party |
| Completeness | No assets on site missing from the register |
Year-end statutory audits, corporate tax and VAT reviews, mergers, acquisitions and due diligence, bank and lender requirements, office relocations, ERP migrations and insurance renewals.
A complete verification from planning to a corrected register, with evidence for every finding.
We combine a trained field team with our own asset software, so counts are scanned, time-stamped and reconciled digitally — faster and more defensible than paper sheets.
Every asset scanned with photo, location and timestamp
Findings formatted for your auditors and finance team
We reconcile to the ledger, not just count items
Optional software keeps the register correct year-round
Share your register size and number of sites, and we’ll schedule a fixed asset verification that fits your audit timeline.
Operations leads and founders on the software we built and what changed afterwards.
Operations Manager
"The entire ERP transition was seamlessly handled. They took the time to understand our workflows and made sure the system was a perfect fit for how we operate"
Marketing Director
"We were counting stock by hand across four sites. Two months after go-live, our warehouse team stopped reconciling spreadsheets entirely."
Managing Director
"They customised the CRM we already owned instead of selling us a new one. That single decision saved us a year of migration work."
Founder
"Fortnightly demos meant no surprises. We saw the app taking shape every two weeks and launched on the date they gave us in week one."
Checklists and practical advice for year-end asset verification and register reconciliation in the UAE.
It is the physical check that each asset in the fixed asset register exists, is at the recorded location, is correctly identified and in usable condition, followed by reconciliation with the accounting records.
A team visits each location, scans or records every asset, compares the results with the register, investigates differences and issues a report with recommended adjustments.
At least once a year, ideally before the annual audit. High-value or portable assets may need quarterly or cycle verification.
They are listed in the exception report. Missing assets are investigated and may be written off; unrecorded assets are tagged and added to the register at the correct value.
External auditors expect evidence that recorded fixed assets exist. A documented physical verification is the standard way to provide that evidence.
Yes. We verify assets across Dubai, Abu Dhabi, Sharjah and the northern emirates, and consolidate results into one report.
