Fixed Assets Register
Fixed Assets Register means the subsidiary ledger of all fixed assets which maintain the complete profile of each item of asset from purchase till disposal.
Why Fixed Assets Register?
Every Company is required to maintain proper fixed assets register as per local pronouncement of accounting body. Apart from legal requirement, it is the responsibility of the management to establish proper internal control system to ensure safe guarding of assets. Further fixed assets are also used as collateral against the financing obtained by the Company.
Benefits of Fixed Assets Register
It has following benefits attached to it;
- Compliance with pronouncement of accounting body
- Proper profile of each item of assets
- Collateral management against financing by the Company
- Proper determination of capex requirements of the Company
- Arithmetical accuracy
JASB has knowledge and experience to prepare fixed assets register for its valued clients.
We render high-quality and cost- competitive services to our clients by making best use of technological resource. We do believe in providing value added services to our valued clients with respect to engagement.