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Also serving Vizag
Cranes, welding sets, test instruments, laptops and hospital equipment: Visakhapatnam's organisations own costly things that move between sites, and the asset register seldom moves with them.
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In an industrial city the balance sheet is mostly equipment. A marine contractor in Visakhapatnam owns generators, compressors and lifting gear that shift between the workshop, the shipyard and vessels at berth. A mechanical contractor sends calibrated instruments into the refinery for a shutdown and hopes they return. IT companies at Rushikonda issue laptops to employees who work from home. Hospitals carry equipment under warranty and maintenance contracts that nobody tracks until a breakdown.
Our asset management solution on ERPNext keeps a register that is part of the accounts: purchase, capitalisation, depreciation by straight-line or written-down-value method, custody, location, transfers between sites, maintenance schedules, calibration and insurance dates, and disposal. Assets can be labelled with barcodes, or with RFID tags read by Zebra devices where bulk audits are required.
Auditors ask for verification of fixed assets, and the exercise ends with a list of items not found and items found but not on the register. Tagged assets and a scan-based audit reconcile floor with books in days, with exceptions listed by location.
Tools and machines issued to a project are rarely formally returned. Custody and transfer records show which site and which person holds each asset, and idle equipment at one site can be moved to another before something new is bought.
Lifting gear needs periodic load test certificates, and instruments need calibration before a client will admit them to site. Due-date alerts with certificates attached to the asset record prevent a crew from being turned back at the gate.
Shipbuilding and marine services
Registers of plant, lifting tackle and portable equipment with test certificates and due dates, custody by job and location across workshop, dock and vessel, and maintenance history for each machine.
Oil refining and petrochemicals contractors
Instrument and tool lists prepared for each shutdown, calibration status visible before mobilisation, issue and return logged against the work order, and losses identified when the job closes and not at the year end.
IT, ITeS and fintech
Laptop, phone and peripheral inventory linked to the employee record, issue at onboarding and recovery at exit, warranty and licence renewal dates, and depreciation posted automatically each period.
For a Visakhapatnam organisation we start by importing and cleaning the existing register remotely, agreeing asset categories, the tag scheme and the locations. Tagging itself is physical work. Your team can do it with our guidance, or we come on site for the first round, especially when RFID is involved and tag placement on metal equipment needs testing. Depreciation settings are confirmed with your auditor before go-live.
Case studies
Connect N Cabs Tours & Travels Pvt. Ltd.
Connect N Cabs — A Custom Travel ERP That Lifted Fleet Utilisation 35%
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
Indus Motor Company Private Limited
Indus Motor — ERPNext Cut Stock-Outs 40% Across Showrooms
Either is possible. Barcodes are economical and suit offices and small stores. RFID is worth it where there are many assets to audit quickly or where labels are hard to reach. Several organisations begin with barcodes and add RFID for stores and high-movement equipment later.
Yes. Straight-line and written-down-value methods, asset-wise schedules and standard registers are supported, and entries post to the ledger. Book value in the register and in the accounts is the same figure, which is what an auditor checks first.
Yes. Each site is a location in the system, and a transfer records when an asset left, who sent it, who received it and its condition. For vehicles and mobile plant, GPS tracking can be added alongside the register.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011