Fixed Asset Management Accounting is an important part of any business. It’s the process of tracking, maintaining, and accounting for fixed assets – items with a useful life that exceeds one year. This includes physical assets such as factories, buildings, equipment, vehicles, and land. It also includes intangible assets such as patents and copyrights. By properly managing your fixed assets, you can make accurate financial statements, reduce depreciation costs, and maximize tax savings. With the right system in place, you’re sure to have more efficient operations and better bottom-line results!