Fixed assets require special processes for accounting and management. You need to record new assets at the time of acquisition, calculate depreciation, and record disposals, sales and retirements. For some assets, you may need to track warranty and service information. You also need to create a variety reports to summarize assets by category, project future depreciation, and provide end-of-year documentation such as Form 990. And you want your fixed assets management software to integrate with your accounts payable and general ledger systems, to track asset values, post depreciation, and minimize data entry.