Bookkeeping Basics 12 | Types of assets - Tangible and Intangible

Both tangible and intangible assets are important for a company's success. Tangible assets can be used to generate revenue in the short term, while intangible assets can provide long-term value by protecting a company's intellectual property and brand. Effective management of both types of assets is important for a company to maximize profitability, cash flow, and overall value.