Fixed Assets Ledger Template: Free Download & Guide
A Fixed Assets Ledger is a specialized accounting document used to record and manage fixed assets such as land, buildings, machinery, and vehicles. It provides essential details like purchase price, depreciation rate, current value, and expected lifespan. This ledger is crucial for businesses to track asset utilization, plan future capital expenditures, and maintain compliance with financial regulations. By systematically recording asset transactions, a Fixed Assets Ledger helps in reducing errors, preventing fraud, and improving financial accountability. Businesses that effectively manage their fixed assets ledger gain better insights into asset performance, helping them allocate resources efficiently and enhance long-term profitability.