Physical Asset Audits: Deploying QR Codes and RFID for Instant Asset Reconciliation

Eliminating Ghost Assets from the Balance Sheet

A 'ghost asset' is an item appearing on the financial fixed asset register that cannot be physically found on the factory floor or corporate office—either due to unrecorded theft, scrapping without write-off, or unlogged inter-branch transfers. Ghost assets artificially inflate balance sheet net worth and result in overpaying property taxes and insurance premiums.

Mobile QR-Code Physical Audits

Modern asset governance relies on tamper-evident metallic barcode or QR-code asset tags. During annual statutory verification, audit staff simply scan asset tags with a mobile phone or handheld scanner.

Relaso Fixed Asset Management links physical QR scans to the central asset register, recording GPS coordinates, timestamped photo evidence, and custodian verification instantly.