These will be entered in the company's balance sheet under the category "non-current assets" or "fixed assets" at the end of an accounting cycle. An accounting cycle can be monthly, quarterly or annually., This can include invoices, depreciation logs, maintenance reports, professional fees related to the asset, etc. Records should be kept for seven years and will be needed for future audits.
 This includes written policies and procedures for acquiring assets, determining their value, depreciation methods and the name of the positions of people that are responsible (general accounting manager, accounts payable manager, chief financial officer, etc.) These will also be needed for an audit.
Record the values of intangible and tangible fixed assets.
Keep all backup documentation.
Document all internal controls.
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