Keeping track of everything your company owns, and all the corresponding information related to these items, can be a real challenge. However, recording this information is essential for protecting your business and staying organised.

What is an Asset Register?

An asset register is a central record of all the physical assets belonging to your business. It’s important to include all assets and not just the high-value ones such as vehicles, computers, and tools. Items like monitors, keyboards, headsets, or even kitchen equipment, might not seem like much individually but they add up fast.

Whether you store details of your assets electronically, on spreadsheets or even on paper, information needs to be secure, accessible, and kept up to date.

Why are Asset Registers Essential?

While asset registers are often used for financial reporting and tax purposes, their real value becomes clear during a crisis—perhaps a fire, theft, or major equipment failure.

Tracking business assets can be particularly tricky if teams are spread across multiple sites or work remotely. An asset register gives you full visibility over where your assets are and helps ensure items don’t get forgotten. You’ll know when anything is lost or misplaced, and will have all the details to hand so you can take prompt action if necessary.

Protection

A detailed asset register helps you:

• Assess exactly what your business owns.

• Know what each item is worth.

• Have the right level of insurance cover. 

• Assign specific items to staff.  

• Track assets across multiple locations. 

• Provide fast, accurate information in case of theft, damage or loss.

• Speed up claims and avoid delays.

• Identify what’s missing, needs repair or maintenance, replacement or disposal.

WorkSmarter’s integrated Asset Register is the simple way to keep your records accurate and up to date, direct from your account. The information is always accessible and secure. Get in touch to find out more, or read our related articles.