So far what I do is
Take the sound effect I recorded
Drop it in pro tools Cut up The audio so I have pieces of sounds I will keep Then I name the sound
Fade the sound on the back end
Add a compressor to the track Do gating and EQing if needed
Then I put a limiter on the main output track and thats it.
Is this the same process for you? Am I missing any thing? Is that the process you use to get the sound ready for your library?