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Asset

From the AssetPad glossary.
A item of value owned by a company that is utilized in its operations to generate revenue, enhance productivity, or support business functions.

Examples of such assets include computers, laptops, machinery, vehicles, office furniture, and other tools or devices that facilitate the company's day-to-day activities.

Types of Assets

  1. Fixed Assets: These are long-term, tangible assets that a company uses in its operations to produce goods or services, such as buildings, machinery, and equipment. Fixed assets are not easily converted into cash and usually have a useful life of more than one year.

  2. Technology Assets: These include computer hardware, software, and other digital tools that facilitate company operations, such as laptops, servers, and specialized software applications.

  3. Office Assets: These are assets used in office environments, such as furniture, office supplies, and telecommunication devices.

  4. Transportation Assets: Vehicles and related equipment used to transport goods, employees, or provide services, such as delivery trucks, company cars, or forklifts.

AssetPad is built from the group-up to allow the effective management of Assets within organizations.