An asset whose acquisition and production costs Production costs (less the included value added tax) do not exceed a legally defined amount.
Normally, a low-value asset can be written off in full within the period in which it is acquired.
"Low-value assets" (GWG) refer to assets with a minimal market value, which are therefore taxed differently to other assets Fixed assets. In SAP Business One there is the function Low-value assets for the management of GWGs.
This function can be used to record items that are classed as GWG, e.g. office furniture, computers and tools. The purchase price, residual value and useful life can then be determined. SAP Business One automatically calculates the depreciation costs and supports the monitoring of the tax treatment of the GWGs.
Two free webinars in July: Experience the Versino Financial Suite live
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
Netting in SAP Business One: What makes the Versino Financial Suite different
Trial Balance in SAP Business One: What the Versino Financial Suite does differently – and why tax advisors notice
Versino Financial Suite Version 05.2026: What's Changed
