Format for record of fixed assets of construction company for Machinery
Keeping the record of fixed assets of any company is very important and it should be updated at least once in a month, the record of fixed asset should mention following;
Name of the Equipment / Tool / Machine etc
Its log Number
The current location of that asset
Current condition of it
Manufacturing Year should also be recorded into it
Most important thing is capacity of production when it comes to construction machinery.
Fixed assets, also known as tangible assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets.
This is a must have record for maintenance engineer working at construction project.
A sample format for keeping record of fixed assets of construction company which includes machinery into it is attached below.
Keeping the record of fixed assets of any company is very important and it should be updated at least once in a month, the record of fixed asset should mention following;
Name of the Equipment / Tool / Machine etc
Its log Number
The current location of that asset
Current condition of it
Manufacturing Year should also be recorded into it
Most important thing is capacity of production when it comes to construction machinery.
Fixed assets, also known as tangible assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets.
This is a must have record for maintenance engineer working at construction project.
A sample format for keeping record of fixed assets of construction company which includes machinery into it is attached below.
