A furniture and equipment log can be a valuable tool for any veterinary practice. It can be maintained on a spreadsheet program,
with columns for the date of purchase, description of the asset, purchase price, supplier and other pertinent information.
The log can be especially helpful in case of a burglary loss, natural disaster, fire, death of an owner, divorce, separation
of partnership, valuation of practice for an associate to buy in, selling a practice at retirement and periodic practice evaluations.
It can also show when a practice is not adequately insured against the loss of assets.
Start a log by taking inventory of all items in each room or area of the hospital, or having staff members do so. Assign a
value to each piece. As new items are purchased, simply add them to the log, and be sure to remove any that are no longer
in use.
A final suggestion: Don't forget to take a copy of the file home for safekeeping. If you have a disaster at the hospital,
you don't want your list destroyed along with everything else. 
Dr. Bob Ables
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To view an example of a furniture and equipment log, go to http://www.vlg.us/ and click on "VLG in the News."
Tip from:
Dr. Bob Ables,
Burleson, Texas
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