What Exactly Is An Asset register?

What Exactly Is An Asset register?

An asset register is exactly what you may think it is, a register that’s full to the brim with details about all of your assets. You can add any assets that you like to your register. In fact, the more equipment, machinery, tools, and vehicles, etc. that you add, the better. The more tools, etc. that you add, the more you can track. Ideally, the asset register format that you choose will offer you what you need. Before we delve into this, let’s take a look at what this type of register actually is and how it works.

Profit/Loss saved asset tracking

What An Asset Register Is

An asset register is a type of register that’s cloud-based. As such, you don’t need to download any software. All that you need to do is log into your software and you’re good to go. 

Your new register will allow you to add a lot of information about all of your assets. You can create a digital profile for your equipment, vehicles, tools, machines, and everything in between. When you have chosen an asset register format, depending on what it lets you do you should be able to add details about each asset. These details can be added to every digital profile you create.

What You Can Add To Your Chosen Asset Register Format

As we have already seen, you can add some or all of your equipment, vehicles, tools, machinery, and everything else to your chosen asset register format. Just purchased a new computer? You can add that. Downloaded some software? Add that so you know where/who you purchased it from. 

Did you know that once you have created a digital profile you can add details about the asset in question? Add as many details as you wish. However, you may want to include the insurance and warranty information as standard. It would not hurt to add the instruction manual in PDF format or indeed a link to it. 

When you add some really useful details you will be grateful as and when you need them. You can access the details easily by logging into your account and selecting the appropriate asset. It is this simple.

How To Create An Asset Register

Creating a register for all of your equipment, machinery, tools, etc. is easy. Log into your software so you’re ready to begin. Then, add a QR code or RFID tag to the assets you want to track. Scan the code or tag so a profile is created. Now it’s time to add details about the asset in question. Once you’ve added the details the profile has been created. Repeat this process until you have added every asset. 

Please make sure your chosen asset register format offers you everything you need as every brand offers something different. Make sure that you know what you need before you sign up for some software. When you have all of the features you need from your cloud-based register you can make the most of it.

Tracking All Of Your Assets

Most businesses and individuals use an asset register so that they can track their assets. Being able to see where everything is all of the time is very useful. It can help you to save time if you usually spend at least 5 minutes looking for everything. You can simply log into your software via your chosen device and see where everything is located. 

Please make sure that the asset register format you’ve chosen makes location tracking easy. The easier it is, the quicker you’ll be able to locate the asset in question.

itemit asset tracking software logo

The Benefits Of Having A Register That Tracks Your Assets

There are many benefits associated with using a register that tracks your assets. Some of these benefits include:

  • Heightened level of security – Whenever you attach a QR code or RFID tag to an asset you automatically make it more secure. This is because the user knows it’s being tracked. So, your assets are less likely to go missing. 
  • Less money spent replacing lost assets – When fewer assets go missing you will end up spending less money replacing them. This can only be a good thing. 
  • Better asset maintenance – Setting up a maintenance schedule when you create a digital profile is a good idea. It helps to keep everything in better condition, ensuring it lasts longer. 
  • Better idea of how your business is running – Thanks to the ability to create exportable reports, you can see exactly how your business is running. 
  • Access via many devices – Gain access using your phone, a tablet, a laptop or a desktop computer, the choice is yours. 

As you can see, there are some amazing benefits to having a register that tracks your assets. Now it’s time for you to start taking advantage of them. 


Would you like to chat with an expert about using an asset register format? Contact us now at team@itemit.com

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