Glossary
Fixed asset
If you buy a pen, it is a cost. If you buy a van, it is a fixed asset: it is used for many years, so it sits in the balance sheet as a value, and the cost is spread over the years through depreciation. The line between the two is whether the thing has value beyond the year. In Danish it is an anlægsaktiv.
Updated 21 October 2026
What is a fixed asset?
Fixed assets are divided into tangible (buildings, machines, vehicles, fixtures), intangible (software, rights, goodwill) and financial (shares in other companies). A tangible or intangible fixed asset is booked on its account in the balance sheet at cost and then depreciated month by month or year by year until the book value is zero or the asset is sold.
Example: a machine for 120,000 kr. with a lifetime of five years. It sits in the balance sheet at 120,000 kr. on the day it is bought, is depreciated by 2,000 kr. a month, and after two years the book value is 72,000 kr. If it is sold for 80,000 kr., the difference is a gain in the income statement. An asset register is the list of the company's fixed assets with cost, depreciation and book value.
Fixed asset in Veneti
In Veneti the owner or an administrator switches Assets on under Settings. A supplier invoice, a general journal entry or a card payment from the bank can then have the Asset switch on in the journal, with an asset number and a lifetime in months, and the account is one of the chart's fixed asset accounts. The depreciations arrive by themselves as drafts, month by month.
The asset register sits under Reporting as Assets with each asset's cost, depreciation and book value, and a sold asset is marked as sold, after which the depreciations stop. In the annual report the assets land in the Danish Business Authority's form.
Related terms
- Depreciation: how the cost is spread over the years.
- Balance sheet: where the fixed asset sits.
- General journal entry: one of the vouchers an asset can be created on.