Asset

Procurement glossary

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What is an asset?

It's any item, equipment, or resource purchased by an organization that provides long-term operational or financial value. These may include physical goods like machinery or IT hardware, as well as intangible items such as software or licenses.

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DIVE DEEP

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Move from manual requests to automated workflows. Our blog covers purchase requisition automation, compliance, spend control, and much more.

Procurement Basics 20 Sep 2021 5 min

How to Record Fixed Assets in QuickBooks Online

Check out this short guide to learn what is a fixed asset in QuickBooks Online, how it works, and how to record fixed assets in your QBO accounting system.

Spend Management, Procurement Basics 12 Feb 2024 15 min

Liquidity Management: Importance, Risks, and Best Practices

Liquidity management is a must-have practice for a company to meet its financial obligations. Learn how to measure liquidity and tips for improving it.

Spend Management, Accounts Payable, Procurement Basics 30 Sep 2024 12 min

GL Codes in Expense Tracking: Importance, Examples, and Best Practices

GL codes help businesses accurately track every transaction and ensure error-free reports. Learn how to use them for efficient expense management.

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