An asset register records all technical and movable equipment that the organization owns. This protects the organization from theft and accidental loss. It also helps you to keep track of what you have, so that you do not repurchase things and cause wastage; and to track how old your assets are, so that you can decide when to replace them. An asset register typically records the value of your equipment which your treasurer and business manager will need when managing your finances. Of course, this also comes in useful for insurance purposes.