Fixed Assets Accounting is the process of keeping track of a company’s long-term physical assets, such as buildings, equipment, and furniture. Fixed Assets accounting helps businesses understand the value of these assets over time, so they can make sound business decisions when it comes to buying, selling, or leasing them. Keeping an accurate inventory of all fixed assets and tracking their depreciation is crucial for any business that wants to maximize their returns in the long run. Proper records of fixed asset acquisition and disposal helps ensure regulatory compliance and ensures that the company’s books are up to date.