Fixed Assets

Fixed assets are things your business owns and uses over a long time — machinery, computers, furniture, vehicles, and so on. Unlike day-to-day expenses, they’re recorded as assets because they keep their value and appear on your Balance Sheet.

Record a fixed asset

Open Fixed Assets and create a new record with:

• Name of the asset
• Purchase value and purchase date
• A category or notes (optional)

Why track them separately

• They show up under assets on your Balance Sheet.
• You can keep a clear register of what your business owns.
• It keeps your day-to-day expenses clean and your profit accurate.

→ Next: understand your books in Accounting.