Glossary
Asset
An asset is anything the shop owns that has value, such as cash, stock, equipment and money owed by customers.
What it means for a shop owner
Assets sit on one side of the balance sheet. Some turn to cash fast like stock, and some stay for years like a van. Total assets equal liabilities plus equity.
A worked example
You hold cash of 2,000, stock of 5,000 and a fridge of 1,000. Total assets are 8,000.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes