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At a basic level, a fixed asset is a long term good kept and used by the government, typically over 12 months. An inventory item is also an asset, but is typically kept for less than 12 months, it is intended for distribution (to citizens) or as part of a work in progress to make a good for resale or distribution.

An example of an inventory item is pamphlets, or paper that is purchased to make pamphlets. The pamphlets are intended for distribution to schools. Hence, this is an inventory item. A building, vehicle, or computer is normally considered a fixed asset because it is not intended for distribution (to the public) or as an item for sale by the government. Rather, it is intended for use by the government itself.

The Inventories module allows users to manage inventory items.