A Fixed Asset Accounting System is an accounting system designed to track and manage a company’s fixed assets. This system records all of the necessary information about an asset, such as its cost, depreciation rate, useful life, and salvage value. It also maintains records of financial transactions relating to assets, including purchases, sales, transfers, and any other changes in value. By providing accurate, up-to-date records of a business’ fixed assets, a Fixed Asset Accounting System helps a company make informed decisions about how to best utilize their resources and maximize productivity.