A Fixed Assets Ledger is a fundamental accounting record that helps businesses manage their physical assets efficiently. It includes details on asset purchases, estimated lifespans, maintenance expenses, depreciation schedules, and disposal dates. This ledger plays a critical role in financial planning by providing a structured approach to asset valuation and replacement decisions. Proper asset tracking through a Fixed Assets Ledger allows companies to minimize losses, ensure tax compliance, and support audit processes. Keeping an accurate ledger also helps businesses assess asset performance, allocate resources effectively, and maintain regulatory standards. It is an indispensable tool for optimizing financial and operational efficiency.