Sage Fixed Assets

Fixed assets, including property or equipment, are essential items used by a company over the long-term to generate income. They are commonly known as property, plant, and equipment (PP&E) and are critical to determining the overall value of the company.

Managing fixed assets can be complex, given the need to track and account for depreciation of tangible assets and amortization of intangible assets, as well as meeting regulatory and legal requirements for reporting.

Effective fixed assets management goes beyond depreciation tracking and involves monitoring the condition and maintenance of assets, providing advanced reporting for financials, and minimizing loss or theft. This ensures that assets are utilized efficiently and optimally, maximizing their value to the company.