Glossary
Asset
Definition
An asset is something the company owns or controls that has value and will bring benefit later. Cash, money owed by customers and equipment are typical assets.
Example. A bank balance of €3,000 and a laptop worth €1,200 are assets of €4,200 in total.
Why it matters for your company
Assets sit on the balance sheet. Knowing what counts as an asset tells you what to record as a purchase to keep, and what to treat as a cost of the year.
Where you see it in Sapita
In the balance sheet report, and on purchase lines where you decide between an expense and a fixed asset.