Choose your...

Country Language
April Sale
Buy now and pay only $1/month
for your first 3 months
March into savings Don't miss out!
$1 /monthfor 3 months
Track your expenses as you go and save 11 hours of admin per week
QuickBooks Online $1 /monthfor 3 months
Start fresh this new year
with QuickBooks Online
$1 /monthfor 3 months
Sale ends soon. Don't miss out, sign up today
$1 /monthfor 3 months
Start fresh this new year
with QuickBooks Online
$1 /monthfor 3 months
$1/month
for 3 months
$1/month
for 12 months
When purchased in bundles of 10
50 %off for 3 months
50 %off for 12 months
  • Invoices
  • Expenses
  • Reports

What are Tangible assets?

Tangible assets (Definition)

Tangible assets are assets that have a physical form, so it can be touched. For a business, a tangible asset is defined as an asset that has real value and they are the most important assets a company can have. There are two types of tangible asset, current and fixed. Current assets are those that will be used in the near future, such as stock. Fixed assets are those that will continue to create revenue for many years to come, such as machinery. Other examples of tangible assets include land and property, cash, furniture, office supplies, vehicles, and equipment. In accounting, current assets are often transformed into cash, which is then recorded as revenue in a corporation's financial accounts.

Ready to run your business better with QuickBooks Online?