{"id":4756,"date":"2020-11-09T13:19:28","date_gmt":"2020-11-09T13:19:28","guid":{"rendered":"https:\/\/www.trex.be\/fixed-asset-register-reconciliation-farr\/"},"modified":"2021-11-05T14:12:33","modified_gmt":"2021-11-05T14:12:33","slug":"fixed-asset-register-reconciliation-farr","status":"publish","type":"page","link":"https:\/\/www.trex.be\/en\/consultancy\/fixed-asset-register-reconciliation-farr\/","title":{"rendered":"Fixed Asset (FARR)"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_custom_heading text=&#8221;Understanding the fixed assets&#8221; font_container=&#8221;tag:h2|font_size:40|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text font_size=&#8221;20&#8243;]Verified registers contribute to the transparency of the fixed asset systems. Linking maintenance management systems with fixed asset systems makes it possible to better manage assets in the future.<\/p>\n<p>A clean and transparent fixed asset register ensures that the company is less exposed to financial, tax and legal risks.[\/vc_column_text]<div class=\"vcex-module vcex-divider vcex-divider-solid vcex-divider-center wpex-mx-auto wpex-max-w-100 wpex-block wpex-h-0 wpex-border-b wpex-border-solid wpex-border-main\" style=\"width:100%;margin-block:20px;border-bottom-width:1px;border-color:#f4f4f4;\"><\/div>[\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1603351948953{padding-top: 10px !important;}&#8221;][vc_column]<style>.vcex-heading.vcex_69f4a38ce59f8{font-size:40px;font-weight:700;}.vcex-heading.vcex_69f4a38ce59f8 .vcex-heading-icon{color:#0093d0;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vcex_69f4a38ce59f8\"><span class=\"vcex-heading-inner wpex-inline-block\"><span class=\"vcex-heading-icon vcex-heading-icon-left vcex-icon-wrap wpex-mr-15\"><span aria-hidden=\"true\" class=\"far fa-question-circle\"><\/span><\/span>Why?<\/span><\/h2>[vc_column_text]Troostwijk-Roux Expertises has extensive experience in verifying fixed asset registers for clients. During our FARR services, the asset management system is linked to the fixed assets system.<\/p>\n<p>This allows, for example, for the identification of grouped assets with inconsistent descriptions on the balance sheet.[\/vc_column_text]<div class=\"vcex-module vcex-divider vcex-divider-solid vcex-divider-center wpex-mx-auto wpex-max-w-100 wpex-block wpex-h-0 wpex-border-b wpex-border-solid wpex-border-main\" style=\"width:100%;margin-block:20px;border-bottom-width:1px;border-color:#f4f4f4;\"><\/div>[\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1603351956029{padding-top: 10px !important;}&#8221;][vc_column]<style>.vcex-heading.vcex_69f4a38ce62fc{font-size:40px;font-weight:700;}.vcex-heading.vcex_69f4a38ce62fc .vcex-heading-icon{color:#0093d0;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vcex_69f4a38ce62fc\"><span class=\"vcex-heading-inner wpex-inline-block\"><span class=\"vcex-heading-icon vcex-heading-icon-left vcex-icon-wrap wpex-mr-15\"><span aria-hidden=\"true\" class=\"far fa-check-square\"><\/span><\/span>Benefits<\/span><\/h2>[vc_column_text]\n<h3><strong>Independency<\/strong><\/h3>\n<p>Troostwijk-Roux Expertises is an autonomous organisation that acts completely independently. This means that we look at your interests from an unbiased perspective.<\/p>\n<h3><strong>Extensive experience<\/strong><\/h3>\n<p>We have extensive experience in verifying fixed asset registers.<\/p>\n<h3><strong>Less risks<\/strong><\/h3>\n<p>A clean and orderly fixed asset register reduces the company&#8217;s exposure to financial, tax and legal risks.<\/p>\n<h3>High Success Rate<\/h3>\n<p>Troostwijk-Roux Expertises is first and foremost an expert with a large stock of technical knowledge. For FARR, Troostwijk-Roux Expertises therefore uses a different method than e.g., an auditor. First, a physical inventory is drawn up which is then linked to the accounting data (= reconciliation). This approach: FLOOR-TO-BOOK yields a much higher &#8220;match score&#8221; than would be in the case of BOOK-TO-FLOOR.<\/p>\n<h3><strong>Combined services<\/strong><\/h3>\n<p>Due to the presence of knowledge in many areas within our organisation, it is possible to carry out an insurance valuation of buildings and equipment in combination with the FARR.<\/p>\n<h3><strong>A reliable partner<\/strong><\/h3>\n<p>Your properties are in safe hands with us. We are one of the most experienced valuation agencies in Belgium.<\/p>\n<h3><strong>Other benefits<\/strong><\/h3>\n<ul>\n<li>the return on investment (ROI) is improved<\/li>\n<li>financial reports will be improved<\/li>\n<li>we provide support during mergers and acquisitions<\/li>\n<li>floor-to-book with higher success rate<\/li>\n<\/ul>\n[\/vc_column_text]<div class=\"vcex-module vcex-divider vcex-divider-solid vcex-divider-center wpex-mx-auto wpex-max-w-100 wpex-block wpex-h-0 wpex-border-b wpex-border-solid wpex-border-main\" style=\"width:100%;margin-block:20px;border-bottom-width:1px;border-color:#f4f4f4;\"><\/div>[\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1603351956029{padding-top: 10px !important;}&#8221;][vc_column]<style>.vcex-heading.vcex_69f4a38ce6a36{font-size:40px;font-weight:700;}.vcex-heading.vcex_69f4a38ce6a36 .vcex-heading-icon{color:#0093d0;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vcex_69f4a38ce6a36\"><span class=\"vcex-heading-inner wpex-inline-block\"><span class=\"vcex-heading-icon vcex-heading-icon-left vcex-icon-wrap wpex-mr-15\"><span aria-hidden=\"true\" class=\"far fa-compass\"><\/span><\/span>Our approach<\/span><\/h2>[vc_column_text]\n<h3><strong>Assignment<\/strong><\/h3>\n<p>After the purpose and reporting format of an assignment have been determined, the financial component and the delivery deadline are discussed. Following approval from the principal, the process is started.<\/p>\n<h3><strong>FARR Process stages<\/strong><\/h3>\n<ul>\n<li>Kick-off<\/li>\n<li>Preparation<\/li>\n<li>Physical Inventory<\/li>\n<li>Reconciliation<\/li>\n<li>Report<\/li>\n<\/ul>\n<h3><strong>Custom-made<\/strong><\/h3>\n<p>Based on your specific request, with accompanying confidential information, we will get to work. We act as your consultative, independent expert.<\/p>\n<p>In consultation with you, we formulate an answer to your specific questions. By doing so, we always deliver tailor-made work and think beyond the most obvious solutions.<\/p>\n<h3><strong>All branches<\/strong><\/h3>\n<p>We operate in <a href=\"https:\/\/www.trex.be\/referenties\/\" rel=\"noopener\">all business segments<\/a>: from industry (national and international) and government agencies to healthcare organisations and educational institutions.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_custom_heading text=&#8221;Understanding the fixed assets&#8221; font_container=&#8221;tag:h2|font_size:40|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text font_size=&#8221;20&#8243;]Verified registers contribute to the transparency of the fixed asset systems. Linking maintenance management systems with fixed asset systems makes it possible to better manage assets in the future. A clean and transparent fixed asset register ensures that the company is less exposed to financial, tax and legal&hellip;<\/p>\n","protected":false},"author":2,"featured_media":1879,"parent":4821,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/right-sidebar.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4756","page","type-page","status-publish","has-post-thumbnail","hentry","entry","has-media"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fixed Asset (FARR) | Troostwijk Roux Expertises<\/title>\n<meta name=\"description\" content=\"Our consultants have experience in fixed asset register reconciliation (FARR) for companies. 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