Assets are valuable resources owned or controlled by an individual or organization that contribute to operational efficiency, financial strength, or strategic goals. They hold inherent value and can generate future economic benefits.
In accounting, assets are typically categorized as:
Current Assets - Cash, accounts receivable, inventory (expected to be used or converted within one year)
Non-Current Assets - Property, equipment, intellectual property (long-term resources)
Assets are a core component of the balance sheet and play a vital role in measuring financial health.
The Fixed Assets module enables accurate management and tracking of an organization`s capital assets.
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