Asset Register

A fixed asset register is nothing more than a list of fixed assets that belong to an entity. Traditionally the fixed asset register was maintained in written form by a bookkeeper using a book that was set aside specifically for that purpose. Nowadays, it is more often held in electronic format in an accounting system. We will assist you to identify the capex and revenue expenditure, their classification, recognition and its amortization as per regulatory norms.

An asset register is a fundamental accounting tool that provides a detailed and organized record of a company’s fixed assets, including their acquisition dates, values, locations, and depreciation schedules. It serves as a central repository for tracking tangible assets such as machinery, equipment, vehicles, and property, ensuring accurate valuation and effective asset management. Maintaining a comprehensive asset register supports compliance with accounting standards and regulatory requirements by facilitating proper recording, depreciation calculations, and audit readiness. Additionally, it aids in safeguarding assets, planning for capital expenditures, and making informed financial decisions that contribute to the organization’s long-term operational efficiency and financial health.