What is a Fixed Asset?
A fixed asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. These assets are not expected to be consumed or converted into cash within a year. Examples include buildings, machinery, vehicles, and equipment.
Visual Dolphin Fixed Assets offers a comprehensive solution for managing fixed assets, ensuring efficiency, accuracy, and scalability. Proper management of assets ensures accurate financial reporting, compliance with regulations, and optimal asset utilization.