Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Fixed Asset Accounting Help and other Accounting Software topics.
What is a fixed asset anyway? In terms of business, a fixed asset is defined as:
A long-standing, material asset used for your business that is not likely to be converted to cash in the present fiscal year. These assets can include items such as equipment (manufacturing, technical etc.), property, and even office furniture.
|Jennifer Mathes, Ph.D.|