Fixed asset register

A fixed asset register (FAR) is a list of fixed assets that belong to an entity.[1] Traditionally the fixed asset register was maintained in written form by a bookkeeper using a book that was set aside specifically for that purpose. Nowadays, it is more often held in electronic format in an accounting system.

The main purpose of a fixed asset register is to keep track of the book value of the assets and determine depreciation to be calculated and recorded for management and taxation purposes. A secondary purpose is to allow for the easy identification of an asset by assigning each asset a unique ID which may be printed on labels in the form of a barcode.[2]

## References

1. ↑ "What is a fixed asset register?". 5 February 2024. https://www.mrisoftware.com/solutions/fixed-asset-management-software/what-is-a-fixed-asset-register/.
2. ↑ "What is a Fixed Asset Register?". 27 May 2022. https://babington.co.uk/insights/help-guidance/what-is-a-fixed-asset-register/.

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