Assets ledger — an internal record of all the assets that your company owns. It includes current assets and long-term assets and can be categorized the way it suits you. Some of the categories may be cash, inventories, property, equipment, investments, accounts receivable, etc.
What categories should an Assets ledger have?
The exact list may vary depending on your exact business structure. Here is a list of common assets usually put on a ledger:
- Cash and its equivalents
- Accounts receivable
- Investments and long-term receivables
- Short-term investments
- Property, plant and equipment
- Deferred income taxes
- Other, including current assets, intangible assets, long-term assets, etc