Audit-Ready Fixed Asset Registers for Foreign-Owned Companies in Bangladesh

PayrollBangladesh is a fixed asset management service provider in Dhaka for foreign-owned companies, subsidiaries, branch and liaison offices across Bangladesh. We build and maintain your fixed asset register, tag and physically verify every asset, calculate tax depreciation under the Income Tax Act 2023 and book depreciation for group reporting, and reconcile both to your general ledger — so your assets stay audit-ready without an in-house asset accounting team.

Request a free quote and tell us how many assets and locations you have.

Fixed Asset Management Services We Provide in Bangladesh

Choose the full service or only the parts you need — every engagement ends with a reconciled, audit-ready register.

Fixed asset register setup from invoices and site checks

Fixed Asset Register Setup

We build a complete register from invoices, existing lists and site checks: cost, acquisition date, class, locations.
Asset tagging with unique identifier and custodian link

Asset Tagging

We tag every asset with a unique identifier linked to its register entry, location and custodian.
On-site physical verification of fixed assets in Bangladesh

Physical Verification

Our team counts assets on site and reports missing, idle, damaged or unrecorded items with adjustments.
General ledger reconciliation of fixed asset register

Ledger Reconciliation

We reconcile the asset register to your general ledger so the balance sheet and asset records agree.
Tax depreciation schedule under Income Tax Act 2023 Bangladesh

Tax Depreciation

We calculate depreciation allowance under the Income Tax Act 2023 (Third Schedule) for your tax return.
Book depreciation under IAS 16 for group reporting

Book Depreciation

We calculate depreciation under IFRS as adopted in Bangladesh or your group accounting policy, for consistent group reporting.
Asset movement tracking between offices and departments

Additions and Transfers

We capitalise new purchases and log transfers between offices, departments and employees.
Asset disposal write-off and gain or loss recording

Disposals and Write-Offs

We record sales, scrapping and write-offs with date, approver and gain or loss on disposal.
Laptops and devices assigned to employees in asset register

Employee-Assigned Assets

We record laptops and devices issued to each employee and reconcile them at exit, alongside remote employee onboarding.
Fixed asset audit support and year-end schedules Bangladesh

Audit Support

We prepare asset schedules, depreciation workings and verification reports for your statutory auditor. See also internal audit.
Fixed asset reports by class branch department and custodian

Asset Reports

We deliver registers and summaries by asset class, branch, department and custodian.
Ongoing fixed asset register maintenance and updates

Ongoing Register Maintenance

We keep the register current monthly, quarterly or annually — at the frequency you choose.

What Is Fixed Asset Management?

Fixed asset management is the process of recording, tagging, verifying, depreciating and disposing of a company’s long-term assets — buildings, plant and machinery, vehicles, furniture, computers and software — so the asset register matches what the business actually owns.

For a foreign-owned company in Bangladesh, one reliable register serves three users: the National Board of Revenue (NBR) for tax, the statutory auditor for the annual accounts, and head office for group reporting. Setting up in Bangladesh? See our foreign entity setup service.

Fixed asset registration and acquisition records in Bangladesh
Tax and book depreciation calculation for fixed assets in Bangladesh

How Is Fixed Asset Depreciation Treated in Bangladesh?

Bangladesh uses two bases. For tax, depreciation allowance is claimed under the Third Schedule of the Income Tax Act 2023 (Act No. XII of 2023), which sets the method and rates by asset class. For accounting, companies reporting under IFRS as adopted in Bangladesh depreciate property, plant and equipment under IAS 16, based on cost and useful life.

We track both values for every asset and confirm rates against current NBR guidance before your return is filed.

Why Foreign Companies Outsource Fixed Asset Management to Us

  • One reconciled register for tax, audit and head office
  • Fewer audit queries on property, plant and equipment
  • Reports by branch and custodian for management abroad
  • Employee equipment tracked alongside your employer of record and payroll records
  • No need to hire or train an in-house asset accountant in Bangladesh
Fixed asset classification by asset class
Laptops and equipment assigned to employees in the fixed asset register

How Do We Track Assets Issued to Employees?

We record each laptop, phone and device against the employee it was issued to, confirm custody during physical verification, and reconcile the register when the employee leaves.

For companies using our payroll or EOR services, equipment records can run alongside onboarding and exit, so people and asset records stay in step.

What Reports Will You Receive?

  • Updated fixed asset register
  • Tax and book depreciation schedules with a reconciliation
  • Physical verification results and exception report
  • Disposal and transfer records
  • Summaries by asset class, branch, department and custodian

Need help with the accounts themselves? Explore our accounting services and bookkeeping services.

Fixed asset report grouped by branch and department

How Our Fixed Asset Management Process Works

Four steps take you from scattered records to an audit-ready fixed asset register.

1. Scoping and Data Collection

We agree asset count, locations, capitalisation threshold and depreciation policy, then collect invoices, existing lists and prior-year accounts.

2. Register Build and Tagging

We enter every asset with full details and tag it for identification.

3. Verification and Reconciliation

We count assets on site, match them to the register and ledger, and report exceptions for your approval.

4. Depreciation and Reporting

We calculate tax and book depreciation and keep the register updated at the frequency you choose.

Tax Depreciation vs Book Depreciation: What Is the Difference?

Tax depreciation follows the Income Tax Act to calculate taxable income. Book depreciation follows your accounting framework to show asset values in the financial statements. The same asset can therefore carry two different values.

Question Tax depreciation Book depreciation
Governing rules Income Tax Act 2023, Third Schedule IFRS as adopted in Bangladesh (IAS 16) or group policy
Basis Prescribed rates by asset class Cost and estimated useful life
Used for Income tax return filed with the NBR Financial statements and group reporting
Resulting value Tax written-down value Net book value

How Much Does Fixed Asset Management Cost in Bangladesh?

The cost depends on four factors: the number of assets, the number of locations to verify, the condition of your existing records, and how often the register is updated. A one-time register build is priced differently from ongoing maintenance. We itemise every component in your quote. Request a free quote for your asset base.

Fixed Asset Management FAQs

What is a fixed asset register?

A fixed asset register is a detailed record of every long-term asset a company owns, showing cost, acquisition date, asset class, location, custodian, depreciation and current carrying value. It supports the financial statements, the tax return and the annual audit.

Which assets should be recorded in a fixed asset register?

Assets used in the business for more than one year and above your capitalisation threshold — typically land, buildings, plant and machinery, vehicles, furniture, computers and software. Low-value items below the threshold are usually expensed instead.

Is fixed asset management the same as inventory management?

No. Inventory is held for sale or consumption and changes constantly. Fixed assets are held for use over several years and are depreciated, so they are recorded, valued and verified differently.

How often should fixed assets be physically verified?

Most companies verify fixed assets at least once a year before the statutory audit, and more often for high-value or portable items such as laptops. We schedule counts to match your audit calendar and group policy.

Can you take over an incomplete or outdated asset register?

Yes. We start from the records you have — invoices, old asset lists and prior-year accounts — verify assets on site, and rebuild the register with proposed adjustments for your approval.

What information do you need to start?

Purchase invoices or an existing asset list, prior-year financial statements, asset locations and custodians, and your depreciation policy. If records are incomplete, we build the register from site verification and the documents available.

Keep an Audit-Ready Fixed Asset Register in Bangladesh

Tell us how many assets and locations you have. We will come back with a scope, a timeline and a clear quote.

Request a Free Quote