Fixed assets, also known as Property, Plant and Equipment, are tangible assets held by an entity for the production or supply of goods and services, for rentals to others, or for administrative purposes.
These assets are expected to be used for more than one accounting period. Fixed assets are generally not considered to be a liquid form of assets unlike current assets. Examples of common types of fixed assets include buildings, land, furniture and fixtures, machines and vehicles.
Globalscient offers a SaaS Model solution for supplementing service delivery in the area of fixed asset life cycle management. Globalscient has also trained its teams to fulfill clients’ Fixed Assets related requirements across the globe and is now fully evolved as an end to end Fixed Asset Life Cycle Solution Provider.