If you own your own business, an asset register is vital to keeping track of all your assets. When you first started, you might have kept track of all items, furniture, or equipment through a spreadsheet. This may have been fine in the beginning but as your business grows, the more assets you accrue.
In time, maintaining an up-to-date list of assets will become a more complex process. As your business loses and gains more assets, you’ll find that there is a lot of relevant information you’ll need to keep track of.
This is where a full-service valuation firm comes in. Our asset valuers in Melbourne will create a professional asset register that is current and complete with an incredible amount of detail.
What Information is included in an Asset Register?
An asset register provides all relevant details of a business’s assets. These assets are any item that is key to the operation of your business. It is not the same as your company’s inventory management. The register provides important information on assets such as property, equipment, and machinery.
This information includes:
- Name, description, model no.
- Location of the asset
- The current owner
- Age, purchase date
- Original purchase price, current value
- Depreciation method
- Current condition, maintenance information
- Insurance and warranty details
- Estimated life expectancy
- Salvage value/resale value
This information can aid with pre-sale advice, updating equipment or making important financial decisions.
How Our Asset Valuers Can Help
Our asset valuers have decades of experience and have valued a wide variety of assets for all sorts of businesses. We can create a brand-new asset register for your business or help you update your register with the current values of your assets.
As a full-service valuation company, we put our clients and their needs first. Our asset valuer will speak with you directly so that you can have a tailor-made report. We’ll ensure your asset register has the exact information that is relevant to you and your business.