Definition
In the context of financial accounting, fixed assets refer to all assets that remain in the company on a long-term basis and are used continuously in business operations. As such, they are the counterpart to current assets and ensure that a company is properly equipped and operational. Fixed assets include, for example:
- tangible assets such as land property, buildings, technical facilities, machinery, vehicles, or office equipment
- intangible assets such as goodwill, trademarks, software, licenses, patents, or internal (customer) data
- financial assets such as equity investments, loans, or securities
In addition, a distinction is made between depreciable and non-depreciable fixed assets. Depreciable fixed assets include, e.g., buildings, vehicles, machinery, office equipment, software, or patents. For this type of asset, an annual depreciation is typically applied over its useful life. On the other hand, land property, securities, and technical facilities under construction are classified as non-depreciable fixed assets and typically cannot be depreciated.
In TRASER DMS 365, service items can be stored in the system as an asset. It is also possible to calculate calculatory depreciation for these service items to reflect the loss in value during the useful life of a machine. Furthermore, a wizard facilitates the rebooking of current assets to fixed assets.