An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

A significant report for every business leader to review, at least annually, is the balance statement. It gives business leaders insight into the financial health of the company. To get a true picture ...

Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...

Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months. Typical examples are ...

Learn what a nonperforming asset is, how it affects lenders and borrowers, and discover strategies for asset recovery and ...

Liquid assets differ from other assets in how quickly they can be converted into cash. However, there are some other ways in which liquid assets differ from non-liquid ones. Aside from cash, liquid ...

Asset tracking is crucial for businesses of all sizes to know what they own and where to find it. But not every business needs a premium solution. Starting with an asset tracking Excel template or a ...

In an early release (10/17/18) of Draft IRS Tax Forms 1040 and 1040-SR Instructions, the IRS has provided U.S. Taxpayers digital assets holders a bit more clarity about how to report digital assets on ...

Updating their fixed-asset records and exploring state exemptions can create often-missed tax savings for businesses.