Assets can be just about anything, and include things like:
Tracking Assets for Tax Purposes
Assets over a certain value need to be reported for tax purposes. Assets depreciate over time and the Depreciation Schedule allows you to record the depreciation for each asset.
Even if you do not need to report some assets for tax purposes it is still very useful to keep track of each asset so you can know where it is located and who it is assigned to.
You can also record any insurance details, maintenance history, original purchase details, serial numbers, and even upload photographs and operating manuals.
The system additions, workflows, and/or document templates contained in this add-on are included as examples only, and you are solely responsible for configuring the system to meet your needs and to comply with local regulatory requirements. We update and maintain this add-on as per our third-party liaison recommendations, but cannot guarantee the contents will always remain up-to-date for your region. Actionstep and other providers will not be liable under the law of tort, contract or otherwise for any loss of profits or any indirect or consequential loss or damage, however caused, arising out of, or in connection with, the use of this add-on.