What is Fixed Assets Management & How Software Can Help

Manage fixed assets and lease accounting with NetSuite: https://bit.ly/3MTidLr

A fixed asset is a tangible piece of property, plant or equipment that a business owns but will not consume, sell or convert to cash within an accounting calendar year. Fixed assets are listed as noncurrent assets on the balance sheet and most are subject to depreciation. Fixed assets management helps organizations regularly track changes in asset value in order to create accurate business valuations and financial reports. Fixed assets management software removes the common challenges businesses face in managing fixed assets, providing a central location for details about each asset a company holds as well as automatically calculating depreciation and then posting that information to the accounting system.

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