Editing Fixed asset register

{{More citations needed|date=February 2024}}

A '''fixed asset register''' ('''FAR''') is a list of [[Fixed asset|fixed assets]] that belong to an [[accounting entity|entity]].<ref>{{Cite web |date=5 February 2024 |title=What is a fixed asset register? |url=https://www.mrisoftware.com/solutions/fixed-asset-management-software/what-is-a-fixed-asset-register/ |access-date=5 February 2024 |website=MRI Real Estate Software}}</ref> 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_software|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 [[identifiers|ID]] which may be printed on labels in the form of a [[barcodes|barcode]].<ref>{{Cite web |date=27 May 2022 |title=What is a Fixed Asset Register? |url=https://babington.co.uk/insights/help-guidance/what-is-a-fixed-asset-register/ |access-date=5 February 2024 |website=Babington}}</ref>

==References==
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[[Category:Fixed asset]]
[[Category:Financial accounting]]