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Chapter 17. Managing Assets > Assets: What Your Company Owns

Assets: What Your Company Owns

The items a business owns are the assets of the business. Anything that has a value to the business is an asset. Assets include items that the company owns but that are not fully paid for. For example, you might still owe 10 years’ worth of payments on a building with a 30-year mortgage, but the building is your asset.

Assets in QuickBooks are grouped into five types:


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