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Free form template · Word

Company Asset Return Form

A company asset return form reconciles everything an employee received against what they hand back, item by item, and works out any shortage or damage amount before full and final settlement. HR uses it during exit, with IT, admin and stores each signing for their own items.

  • Editable Word (.docx)
  • Made for India
  • 31 fill-in fields highlighted
  • Free, no sign-up

Preview of the form

[Highlighted] = fill in
[Company Logo][Company Name]

COMPANY ASSET RETURN FORM

Ref. No.:
[Reference Number]
Date:
[Date]
Handover Form Ref.:
[Handover Form Number]
Reason:
Resignation / Termination / Retirement / Transfer / Recall

1. Employee Details

Employee Name[Employee Name]
Employee ID[Employee ID]
Designation[Designation]
Department[Department]
Date of Joining[Date of Joining]
Last Working Day[Last Working Day]

2. Asset Reconciliation

Asset IDDescription / Make / ModelSerial No.Condition at IssueReturned (Y/N)Condition at ReturnShortage / Damage (₹)
[Asset ID][Laptop – Make / Model][Serial Number][Condition]Y / N[Condition][Amount]
[Asset ID][Mobile / SIM][IMEI / Mobile Number][Condition]Y / N[Condition][Amount]
[Asset ID][ID / Access Card][Card Number][Condition]Y / N[Condition][Amount]
[Asset ID][Keys / Furniture][Key Number][Condition]Y / N[Condition][Amount]
[Asset ID][Tools / Samples / Uniform][Serial Number][Condition]Y / N[Condition][Amount]

3. Valuation Summary

Basis of valuation: Depreciated value / Repair estimate / Policy rate
Total shortage and damage: ₹[Amount]
Amount waived: ₹[Amount] (approved by [Authorised Signatory])
Net amount to be adjusted in F&F: ₹[Amount]

4. Employee Comments

[Employee comments on the condition assessment or valuation, if any]

5. Department Clearances

DepartmentItems ClearedNameSignatureDate
ITYes / Pending[IT Executive Name][Signature][DD/MM/YYYY]
AdministrationYes / Pending[Admin Name][Signature][DD/MM/YYYY]
SecurityYes / Pending[Security Officer][Signature][DD/MM/YYYY]
StoresYes / Pending[Stores In-charge][Signature][DD/MM/YYYY]

6. Declaration

I confirm that I have returned all company assets in my possession except those noted above, and that I hold no other property of [Company Name]. I have been informed of the valuation of any shortage or damage.

Employee
[Employee Name]
Date: [Date]
HR
[HR Name]
Date: [Date]
Approved by
[Authorised Signatory]
[Designation]
Date: [Date]

What this template includes

  • Item-wise comparison of issued versus returned
  • Condition on return next to condition on issue
  • Shortage and damage valuation with the basis used
  • Department-wise clearance signatures
  • Final recovery or waiver decision approved by an authority
  • Link to the F&F or no-dues process

When to use it

  • Exit clearance before F&F settlement
  • An employee transfers to another unit and hands over assets locally
  • Assets are recalled during an office closure or downsizing
  • Annual asset reconciliation for long-tenure employees

How to customise this template

  1. 1Pre-fill the issued items from the company asset handover form
  2. 2Define how value is assessed: repair estimate, depreciated value or fixed rate
  3. 3Name the authority who can waive recoveries
  4. 4Add rows for department-specific assets such as samples or uniforms
  5. 5Send the summary amount to payroll with the signed form

HR tips

  • Start asset collection a few days before the last working day to avoid a rush
  • Separate normal wear and tear from damage before calculating any recovery
  • Share the valuation basis with the employee and record their comments
  • Give the employee a signed copy once all items are cleared

Deductions from F&F for unreturned or damaged assets should be reasonable, documented and consistent with wage laws and company policy; consult a legal adviser where needed.

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Frequently asked questions

How is the value of an unreturned asset calculated?+

Companies usually use the depreciated book value, a fixed policy rate or the actual repair or replacement cost. Whichever method you use, state it in the policy and on the form.

Can an employee dispute the damage assessment?+

Yes. The form should have space for employee comments, and a senior authority should review disputed amounts before finalising F&F.

Who signs a company asset return form?+

The employee, each department that issued assets (IT, admin, stores, security) and HR or finance for the final recovery decision.