Bookkeeping and Accounting Services | Tax Services Brisbane
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Dandy Lyne Pty Ltd is a CPA Practice
Dandy Lyne Pty Ltd is a CPA Practice
Asset Registers
A fixed asset register is a detailed list of all fixed assets which are owned by a business.
Its main purpose is to enable an organisation to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.
We can help you to build your asset register and maintain the register to ensure the asset register is in agreement with your balance sheet.
Importance of having a fixed asset register
- It provides an accurate audit trial of the assets owned by the company
- The asset location can be easily identified so the asset can be physical verified
- Depreciation Management
- Prevents theft
- The written down value of the assets can be found any time
- The register meets your taxation, statutory and sale-of-business obligations.
- It is also an appropriate place to record serial numbers, make, model, etc