Asset Register in Abu Dhabi

Asset Register

An asset register contains a record of all fixed assets of a business. Accountants and bookkeepers help industrial owners maintain a record of their resources. Maintaining a record help clients keep track of their resources and assist them in paying their dues on time. It saves time involved in data entry and eases the auditing process. Auditors can easily conduct inspection process to maintain a check of the assets and prevent theft or fraudulent activity. Asset registers assist clients in both short term and long term planning and help sort their resources in an organized manner. They also reduce cost by saving opportunities for most businesses and help clients understand the importance of their assets. Maintaining a clear record help clients face vulnerable situations, as in the event of police investigation.

A physical asset register would headline an asset and comprise of information and various pieces of information which include product description, date of purchase, product cost, insurance coverage, rate of premium, warranty information, estimated life, annual maintenance schedule, usage, resale value etc. Maintaining an asset register help clients conduct scheduled maintenance, claim insurance, coordinate asset replacement and calculate depreciation and compensation cost.

Asset registration can be done on tangible resources such as buildings, lands, office equipment, industrial machines, motor vehicles, trucks and other similar properties. They can also be done on intangible resources such as licenses, patents, brand names, trademarks, copyrights etc. You can get in touch with the best companies which provide asset registration services in Abu Dhabi through our website.