AssetFixed Assets
From the AssetPad glossary.
Long-term tangible items owned by a company, used in the production of income and not expected to be consumed or converted into cash within a year.
Fixed assets include items like property, machinery, and equipment, which are expected to contribute to the company's income over a period exceeding one year.
AssetPad provides precise tracking of fixed assets, allowing companies to know where their assets are located, their condition, and their expected lifespan.