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GullySystem
Assets and Fleet · Solutions

List what the business owns, where it sits and who holds it.

A fixed asset register lists what you own and where it sits: the machine, the lift, the generator, the twelve laptops. Each has a purchase date, a value, a location and a person responsible, and each carries a tag. When a laptop goes missing, the register names who had it last. The year-end schedule is a print and not a reconstruction.

What it is

Purchase bills sit in a file, the machines sit on three floors, and the laptop that went home with an employee who resigned in January sits on nobody’s list. The accountant asks for the asset schedule at year end, and somebody rebuilds it from bills and memory.

Each item is entered once with its cost, date and place, and given a tag that is stuck on the body. Transfers, disposals and the person holding it go in as they occur. Depreciation follows the method your accountant has chosen.

What it replaces

What your team uses today.

The module takes over these, one at a time, so nothing has to stop while it is set up.

  • The asset sheet kept by accounts
  • Stickers with handwritten codes
  • Year-end depreciation workings
Where it goes wrong today

The problems this is meant to ease.

A list that stopped growing

Purchases are added when someone remembers. Items bought last year may be missing altogether.

Nobody knows who holds what

A laptop moves to another desk. Nothing is written, so it cannot be traced later.

Book value guessed

Freight and installation sit on separate bills. The cost the accountant needs is not added up anywhere.

Year-end reconstruction

Depreciation is rebuilt from old sheets. It takes days, and the answer depends on who did it.

Disposals not recorded

A machine is sold or scrapped. It stays on the list for years.

Inside the module

What fixed asset register does.

One record, one tag

Asset code, description, make, serial number and the bill it came on. The tag on the machine matches the tag on the screen.

Where it is and who holds it

Branch, floor, department and the person it was issued to. A transfer needs someone to accept it.

What it cost

Invoice value with freight, installation and duties added, so book value is more than the number on the bill.

Depreciation your accountant recognises

The method and rate he sets are applied, and the schedule prints in the shape he asks for. He decides, and the register calculates.

Disposals and write-offs

Sold, scrapped or lost, with the date, value realised and who approved. The item leaves the list on the record.

Verification from a phone

Walk the floor once a year and scan the tags. The register marks what was seen, and what was not seen becomes a short list.

Where it gets used

What this looks like in a working week.

Illustrative scenarios, written to show the shape of the work. They are not accounts of client systems.

A new machine arrives

The bill is linked to a fresh asset code. A tag is printed. It is stuck on the machine and photographed.

A laptop changes hands

The transfer is raised for the new holder. They accept it on screen, and the previous holder is released.

Annual walk-through

A staff member scans the tags floor by floor. Unseen items form a short list for follow-up.

A generator is sold

Disposal is entered with the sale value. The accountant sees the gain or loss and the item leaves the list.

Who touches it

The people who open this every day.

Accounts assistant

Adds assets from purchase bills and gives the accountant the schedule they want.

Office or admin manager

Issues equipment to people and moves it between branches without losing track.

Owner

Sees what was bought this year and what has quietly disappeared.

How it is set up

From first conversation to daily use.

  1. Counting what exists

    We start from a walk around your premises. You provide purchase bills and any old list, and get a draft register to correct.

  2. Categories and rules

    Asset classes, depreciation methods and rates are set as your accountant directs. Their written sign-off is requested.

  3. Tagging

    Tags are printed in batches. Staff stick them on, and unmatched tags are traced.

  4. Opening values

    Cost and accumulated depreciation come from your books. A trial schedule is printed. Compare it with last year’s.

  5. Running it

    Purchases and transfers are entered as they happen. Practice for the accounts team comes before the next closing.

Measuring it

How you would know it is working.

Record where you stand before it goes live, so the change is measured against your own figures.

  • Assets without a tag or a named holder
  • Items not seen in the last verification
  • Transfers waiting for acceptance
  • Disposals recorded against disposals approved
  • Depreciation schedule differences against the accounts
How it fits

It is one part of a system, not an island.

A module earns its place by what it passes to the next one. These are the connections we set up most often.

  • Asset AMC tracking
  • Purchase orders
  • Finance and accounting reporting
  • Vendor management
  • Accounting software
Common questions

Questions owners ask about fixed asset register.

Does it work out depreciation for our books?

It applies the method and rate your accountant specifies and prints the schedule. Which method the law allows and what goes into the final accounts stay with the accountant. The entries go across to your accounting software so the books stay in one place.

Does every asset need a barcode?

Not at the start. Printed numbers stuck on the body work for a few hundred items. Barcode or QR tags start paying when a yearly count takes two people a week.

Is this running anywhere today?

Yes. Our School College Management System keeps lab equipment, furniture and stationery stock with a record of who received what and when. It is the same register in school clothing.

Is a sheet enough for twenty people with a few computers?

It is, if one person keeps it and nothing moves between branches. It fails when equipment goes home with staff, or when an insurance claim needs a value you can prove.

How is the price of an asset register worked out?

Asset volume leads. Branches and depreciation methods follow. Tag printing and the accounting link are optional extras. Itemised pricing is sent after your list is reviewed, and any item can be left out.

Why can the timeline differ so much?

A walk to find the assets decides it. Missing bills slow things further. A usable release has the register, holders and the schedule, and proposal dates follow the first review.

Talk to us

Tell us how you handle fixed asset register today.

A spreadsheet, a register or another system: say which, and we will tell you plainly what is worth changing.

What happens after you share your requirements

  1. A senior engineer reads your answers. Nobody phones first.
  2. Within one business day you get a written note: what we understood, what we would start with, and the questions we still have.
  3. If it fits, a proposal follows with the order of work, what we need from you and what you receive at each step.
  4. No call is booked and nothing is paid until you have read the note. Your details stay with us.

Start with your requirements

Seven short steps that tell us what you need. A senior engineer reads them before anyone gets in touch.

Share your requirements