We need to do this for our Co, tax reasons. Every year we send in the tax form with our property list. Tools ,trailers, everything to do with building.
This is also good for expensive belongings.
Everyone owns a digital camera. Take a picture of the product and the receipt. Also the serial No. if you want to get all the money out of your insurance carrier you are owed.
They also like when someone has done their job for them.
Pictures on disc.....what did we do before technology.......?
Place in fireproof safe....and check your policy.