What is an Asset Register? An asset register stores vital information about a company’s assets. It records all types of tangible and intangible assets. An asset register also records movable and immovable assets. It helps industrial owners in short term and long term planning. Asset registers record general asset information which includes Product description Date of purchase Cost of product Product installation charges Estimated lifetime Warranty coverage Resale value Periodic maintenance cost They record tangible assets such as Land Building Industrial machinery Vehicles Furniture They record intangible assets which include Software licenses License agreements Brand names Patents Copyrights Benefits of Maintaining an Asset Register An asset register helps business insure claims. It helps them pay taxes on time. It helps them perform scheduled maintenance operations. Clients can use asset registers as a mortgage in applying for bank loans. It also helps them gauge the resale value of their assets easily. Maintaining an asset register helps prevent fraud. It eases the auditing procedure. It helps them keep a check on their assets and prevents loss. It also helps them organize their assets accordingly. Visit yellowpages-uae.com to contact Asset Register Services in UAE i.e. at http://www.yellowpages-uae.com/uae/asset-register
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