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Fixed Asset Register

8 August 2017

A fixed asset register is a list of fixed assets (e.g. IT equipment, phone systems, furniture, fixtures, plant etc.) that have been purchased by and belong to an organisation, school or business. Traditionally, the fixed asset register was maintained by the oganisation's finance or accounting department. Nowadays, a fixed asset register is typically managed on excel spreadsheets, on standalone software or online through a SaaS service such as www.assetregister.co.uk

The purpose of keeping a fixed asset register is twofold:

  • To allow easy identification of assets which have been tagged with security barcodes and sequential numbers
  • To keep count of the book value of all the assets so that depreciation can be calculated for the finance department

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