What Does An Asset Register Record?

What Does An Asset Register Record?

Any business that has an asset register will automatically have more control over its assets than those that don’t. Some businesses still rely on spreadsheets to help them record their assets. However, this is not a good idea. Human errors can result in a business failing to have correct asset-related information. 

These days, an asset register app tends to be used by businesses that want to harness the power of technology. With the right software, it’s possible to track almost every aspect of your assets.

Why You Need To Use An Asset Register App

You need to use an asset register app because it can help your business in more ways than you realise. An app such as this can help to:

  • Prevent asset losses
  • Ensure your employees are more accountable 
  • Help to boost security
  • Ensure that your assets are in a better state of repair 

When you have a reliable asset register record of exactly where your assets are you have more control over them. When you know who is using which assets you can have more control over deadlines and your budgets. You can also understand who was using which asset when it got damaged or when it was misplaced. 

Imagine being able to have so much more control over all of your assets. So much so that you can potentially take your business to the next level. This is all possible when you download or log into an asset tracking solution that provides you with the features you require.

Business Asset Tracking

What To Add To Your Asset Register

If you’re still not sure what an asset register records, don’t worry. This section will explain it all. As long as you use an asset register app that’s as flexible as you need it to be, you can add as much as you wish to your asset register. 

Asset registers can be filled with a range of assets such as

  • Fixed and non-fixed assets 
  • IT assets 
  • Equipment and tools 
  • and anything of value to your business 

As long as the asset in question is useful to your business you can add it to the asset register. For example, you could add machinery, computers, vehicles, scanners, outbuildings, printers, laptops, tills, tablets, and so much more. There is no limit to what you can add to any asset register. 

All that you need to do is to be prepared to add the assets to the register by creating a digital profile. As soon as the profile has been created you’re good to go. In addition to this, you can add as much information about each asset as you wish. Some businesses add a lot of information, some add a little information. The choice is yours.

How To Manage Your Asset Register With Ease 

Managing your asset register app does not need to be hard work. In fact, it can be a breeze. For example, you could streamline the access that your employees have to the app. Those who are working in the same office with you, for example, could interact with all of your assets. Those who are working elsewhere can only interact with the assets attributed to their location. 

Did you know that you can also assign assets to specific people? This feature ensures that only the right people can use the right assets. Want to remove someone from the user list? You can do this in an instant. Wish to add them again? This can take moments.

The Benefits Of Using An Asset Register

There are many benefits associated with using an asset register app some of them include:

  • You can gain access to information about your assets no matter where you are
  • Security surrounding all of your assets will improve
  • Your employees may take extra care of your assets as they’ll know they’re tracked 
  • Your assets can stay in much better condition due to there being a regular maintenance schedule
  • You can potentially track all of your assets day and night 
  • You can have far fewer ghost assets
  • Assets can be organised into groups or even assigned to individuals 
  • Depending on the app you use, you could create and download important data
  • You could download an app and/or gain access to your assets via a web portal

These are just a few of the benefits associated with using an asset register. It’s no wonder, then, that more and more business owners are opting to use an asset register app in place of a spreadsheet. An asset register can potentially bring your business into the 21st century.

If you would like to speak with an expert about using an asset register app, talk to us. You can reach us at: team@itemit.com. We can help you to understand just how your business will benefit from using an asset register all day, every day. 

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