What is Fixed asset register?
Finance & accounting. A plain-English definition for Australian business owners.
The fixed asset register lists all the business's depreciable assets (equipment, vehicles, computer hardware, leasehold improvements) with their purchase cost, depreciation method, accumulated depreciation, and current net book value.
It feeds the depreciation calculation that flows into the P&L and underpins the small business instant asset write-off and other concessions.
In a connected back office this sits with the Finance hub, where Valont runs bookkeeping, managed payroll and bas & tax compliance for Australian SMEs as one team. The full definition set is on the glossary.
Talk to an Advisor
General information, not advice. For how this applies to your business, talk it through with a Trusted Advisor or start with the Business Health Check.