Fixed Asset Reporting is the process of keeping track of a company’s fixed assets, such as real estate, vehicles, equipment, and more. A fixed asset is defined as an item with a useful life expectancy of more than one year that generates economic benefit to a business. Companies must record all acquisitions, disposals and movements of their fixed assets in order to maintain accurate accounts. This information helps businesses make informed decisions by providing insight into current investments and future capital requirements. With accurate fixed asset reporting, companies can maximize returns on investment and optimize their financial performance.