Fixed asset groups simplify the setup of fixed assets. Using groups also helps to classify information for reporting and make decisions about assets.

  1. Click > > > .

  2. Press CTRL+N to create a fixed asset group with a unique identifier and name on the tab.

  3. Click and create the value models that will apply to all the fixed assets that are assigned to the fixed asset group.

    Note Note

    You must enter a value in the field when you create a new fixed asset. Default values for other fields for the fixed asset are inherited from the fixed asset group, including the value model and its posting layers and depreciation profiles. You can view the posting layer of the value model that is created for fixed asset group in one of the check boxes on the tab.


  4. Close the form.

  5. Click and create the depreciation books that will apply to all fixed assets that are assigned to the fixed asset group.

  6. On the tab in the form, you can change the value in the field, if necessary.

  7. Fill in the fields, as necessary.

    • If you have set up number sequences for automatic numbering of fixed assets, select the check box, and enter the appropriate number sequence for the fixed asset group in the field.

    • If you have set up number sequences for automatic numbering of bar codes, select the check box, and enter the appropriate number sequence for bar codes in the field.

Tip Tip

If you are set up to post acquisition transactions from Accounts payable, you can set up a capitalization threshold so that assets are depreciated by default if they meet a minimum acquisition amount, and if they were acquired from an Accounts payable invoice. For more information, see About assets created from Accounts payable.


See Also