What Is a Fixed Assets Register?

The fixed asset register is an auxiliary account for each type of fixed asset, used to register the increase, decrease, and balance of various types of fixed assets. At the beginning of the year, the balance of various types of fixed assets at the beginning of the year should be recorded in the "Year of the Year" column of the register according to their use and storage department; at the end of the month, the classification and summary of the fixed asset category and the use of storage department will be increased and decreased according to relevant vouchers. The number is recorded in the relevant column, and the balance at the end of the month is settled. The increase, decrease and balance in the register shall be checked against the "fixed assets" account respectively. ^[1]