Welcome, Bookkeeping Centrum Family, to the new episode of your favorite financial podcast. An asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and governments own assets. For a company, an asset might generate revenue, or a company might benefit in some way from owning or using the asset. So please, get yourself comfortable, while we explain to you how to organize and structure this important information. Check it out!