Fixed Asset Register (FAR)

Our Fixed Asset Register gives visibility to all the fixed assets within an organization, tangible or intangible.

Fixed Asset Register
Items and information captured in a Fixed Asset Register

Items and information captured in a Fixed Asset Register

  • Fixed assets like land, infrastructure, furniture and fixtures, office equipments, computers, patents etc.
  • Location
  • Quantity
  • Condition
  • Depreciation status.
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Fixed Assets

IT equipment such as computers, laptops, printers and servers

Furniture and fittings

Property, plant and equipment

Office equipment such as photocopiers, scanners and telephones

Land and estates

Fleet i.e. cars and vans

The advantages of creating and retaining a fixed asset register

  • Keeps information on asset status, history and location for audit trail purposes.
  • Transaction types include full and partial disposals, transfers, revaluations, enhancements, cost adjustments and splits.
  • Helps track and identify assets
  • Keeps an audit file that holds a history of all user actions, identifying which records were affected and the before/after detail.
  • Improves asset acquisition, utilization, and disposal processes with a single fact sheet.
  • Preventing assets from theft and being lost.
  • Improves asset use across the business and prevents the duplication of asset purchases.
fixed asset register
Detailed reporting

Detailed reporting:

Our fixed asset software creates valuable and comprehensive insights, forecasting and end results in simple terms and fact sheets.

Reports with industry parameters and standards help businesses optimize their operations and maintain steady profit.

Frequently Asked Questions

A Fixed Asset register (FAR) is a list of all the fixed assets owned by an organization. It records make, model, procurement, maintenance, and life cycle of assets valuable to the firm.

The main goal of a fixed asset register is to know about the assets a business owns on said date and to run the business optimally.

Yes, it is very useful. Many small businesses now use fixed asset register (FAR) to keep a digital record of their valuable assets and generate valuable insights.