Fixed asset

Procurement glossary

Get the latest updates

Stay ahead of the curve with our latest content

Subscribe to our newsletter and get fresh insights every month

What is fixed asset?

A long-term tangible resource owned by a company, used in its operations to produce goods or services, and not intended for sale. Examples include buildings, machinery, vehicles, and equipment. These assets are recorded on the company's balance sheet and depreciated over their useful life to reflect wear, usage, or obsolescence.

See how Precoro can help with Fixed assets

DIVE DEEP

Read more on related topics, and get real insights

Our blog covers purchase requisition automation, accounts receivable and payable, liquidity management, and much more.

Accounts Payable, Procurement Basics 18 Mar 2025 18 min

The Role of Accounts Receivable vs. Accounts Payable

How well you manage accounts receivable vs. accounts payable can make or break your company’s cash flow and long-term financial health.

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.

See how Precoro fits into your team's workflows

A personalized demo, built around your team’s challenges, led by experts who understand what matters.

Your browser does not support JavaScript or JavaScript is disabled. Please enable it for the site to function correctly.

See how Precoro works

Let’s get started! Tell us about yourself.

First Name*

Last Name*

Company Name*

How many team members will use the system?

Only me

51-100

2-10

100+

11-50

Not sure

Almost there! How can we reach you?

Work Email*

Phone Number*

By clicking on "Request a Demo," you agree to our Terms of Service and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fixed asset

Thank you for signing up!

Read more on related topics, and get real insights

See how Precoro fits into your team's workflows