How Fixed Asset Management Can Help You
Fixed assets are permanent things such as office equipment, computers, furniture, machinery, vehicles and real estate. Property, Plant and Equipment (PP&E) is the term used for fixed assets in business. Assets that are easily converted to cash, such as stocks, and cash are called liquid assets. Assets that are not liquid or disposable are called fixed. Fixed Asset Management is an accounting process that tracks and manages an individual or company’s fixed assets.