Items and information captured in a fixed asset register
Fixed assets are longer term investments which provide value to a business and are depreciated over a period of years. Organizations have the flexibility to capture as little or as much detail required for each asset. Storing detailed asset information and financial history provides valuable data to enable more informed decision making.
Typical information captured on a fixed asset register includes a unique identifier code, asset name, description, purchase and capitalization dates, purchase cost, department, cost centre, residual value and asset life and depreciation rule.
Examples of fixed assets
IT equipment such as computers, laptops, printers and servers
Furniture and fittings
Property, plant and equipment (PPE)
Office equipment such as photocopiers, scanners and telephones
Land and estates
Fleet i.e. cars and vans
The benefits of creating and maintaining a fixed asset register
Learn more about how our fixed asset management software can help you to maintain compliance with the latest accounting guidelines and tax rules.