Description
Who it’s for
- Small and medium business owners
- Bookkeepers and accountants
- Companies with physical assets (equipment, furniture, vehicles)
- Anyone preparing for a financial audit or year-end
What problem it solves
Many businesses own fixed assets but have no structured record of what they paid, when they bought it, or how much it has depreciated. Without a proper register, depreciation figures are guessed, disposals go unrecorded, and the net book value of your assets is unknown. This creates problems at year-end, during audits, and when preparing financial statements.
This can lead to:
- Incorrect depreciation charges in your income statement
- Overstated or understated asset values on your balance sheet
- Missed profit or loss calculations when an asset is sold or scrapped
- Audit findings and the need to reconstruct records under pressure
- Inaccurate financial statements that affect business decisions and financing
What’s included
- Asset register sheet
- Automatic depreciation calculations
- Residual value and useful life inputs
- Disposal tracking section
- Protected formula cells
- Worked example row
