Asset Register

An Asset Register is typically a detailed list of assets, including physical items like property, plant and equipment (fixed assets) that belong to an accounting entity, such as a company, business or organization.

The major purpose of Velosi's Asset Register is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset, in order to efficiently identify and validate an asset when needed.

Benefits of Asset Register:

• Able to feed into an asset integrity management system which encloses information about the maintenance schedule of that particular asset.
• Allows organizations to plan for replacements conveniently.
• Acts as a record for auditors and insurance claims.