One of the tasks of asset management is to record the various assets owned by the company. This article will explain the different types of assets.
What is an Asset?
In general, assets have economic value, capital, or wealth. For individuals or companies, assets are one of the most important things to own.
However, many asset owners think that the asset must be able to provide future benefits or become a resource. When viewed from the accounting field, assets are said to be company assets when these assets carry out an operation.
And usually, the value of an asset belonging to the company is continuously evaluated in the form of financial statements. There are differences in the classification of assets based on their physical form, tangible and intangible.
Tangible assets include money, buildings, land, and anything that can be seen or felt. Meanwhile, intangible assets are the opposite of tangible assets, namely assets that cannot be seen. Examples of intangible assets include copyrights, services, product brands, and others.
You need to know that assets have three characteristics: as a resource, having economic value, and as a form of wealth.
Assets based on the operational side are divided into two: operational and non-operational. In general, operational assets are used for daily needs. Meanwhile, non-operating assets are not used daily.
Type of Company Assets You Need to Know
There are three types of organizational/company assets, fixed assets, non-fixed assets, and current assets. Those who have TAG SAMURAI summarized as follows:
Fixed assets
Fixed assets can be used for an extended time when these assets are not traded soon. So, these fixed assets are items that will not be sold shortly. For example, fixed assets such as buildings or property.
Non-fixed assets
Intangible assets can be categorized into non-fixed assets. Generally, assets are used in the field of company administration. An example of a non-fixed asset is a document that establishes ownership of an asset.
Current Assets
Another type of asset is current assets, which are easy to cash. Examples of existing assets, namely securities, cash, receivables, inventory, and others. The benefits you can get from owning this asset are the short period and the cost of urgent needs.
Non-Current Assets
Non-current assets are assets that can be converted into cash.
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