Choose your...

Country Language
Don't miss out
Subscribe to QuickBooks and
get 90% off for 6 months
Claim now
JUNE SALE
Claim now
JUNE SALE
Buy now and get
90% off for 6 months
See plans & pricing
$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 Fixed assets?

Fixed assets (Definition)

Fixed assets are items that have been purchased by a business that are not easily converted back into cash. They often require more effort to return their cash value to the business. Fixed assets can also be referred to as long-term assets or non-current assets. Fixed assets are purchased because they are expected to last longer than a year or be converted into cash after at least one year. As a result of this a business can depreciate the value of the asset for the day-to-day wear and tear associated with the use of the asset. They are most often in the form of equipment, property, and plant. Other fixed assets include computer equipment, software, furniture, machinery, and vehicles.

Ready to run your business better with QuickBooks Online?