Fixed asset groups are used for grouping plants and setting up general ledger accounting.
The fields under fixed asset groups
| Fields |
Description of the field |
| Fixed asset group |
Enter an optional text as code, such as Furniture |
| Name |
Enter an optional text such as name, such as Furniture |
| Default setting |
If checked, new fixed assets will automatically be assigned to this fixed asset group if a fixed asset group is not manually selected on the fixed asset. |
| Accounts |
These fields are used to set up the general ledger posting.
For example, when depreciation is generated, credit transactions will automatically be generated in a general journal, where the account and offset account fields in the journal are populated with the accounts specified in the Depreciation and Depreciation (counteraccount) fields on the Fixed asset group.
If the general ledger journals select a fixed asset and a fixed transaction type, then the account and offset account fields in the journal will be automatically populated with the accounts that are specified on the Fixed asset group next to the selected fixed transaction type.
If no account numbers are entered, no accounts are transferred to the General Journals.
For example, if acquisition and sales transactions on fixed assets are transferred from bank reconciliation to a posting journal, then the bank account must be the offset account, otherwise the fixed transactions will be posted incorrectly. If the Offset and Sales (offset) fields are not populated on the asset groups, then the bank account that is already set as the offset account in the journal will not be overwritten when the offset fields are filled in the journal. |
