Fixed asset groups are defined to group the fixed assets in order to:

• Simplify the set-up of fixed assets and posting profiles for fixed assets.

• Simplify the creation of queries and reports.

• Create a template so that common information is copied by default into the records of new and similar fixed assets that are acquired by the company.

1. Click Fixed assets> Setup> FA group tableto open the FA group tableform.

2. Press CTRL+N to create a new line.

3. Enter the fixed asset group code and name in the FA groupand Namefields, respectively.

4. Select the Autonumeration FAcheck box to generate the fixed asset number automatically when you create fixed assets for the group in the Fixed assetsform.

5. In the FA autonumber sequencefield, select a number series for automatic number generation.

6. On the Generaltab, in the VAT refundingfield, select the start date for refunding Value Added Tax (VAT) on the fixed assets from one of the following options:

   • Acquisition date– From the acquisition date.

   • Depreciation run date– From the date of depreciation.

7. Select the Autonumeration barcodescheck box to generate bar codes automatically for the fixed assets in the group.

8. In the Barcode autonumeration sequencefield, select a number series for automatic bar code generation.

9. To set up value models for the fixed asset group, click Value models.

10. In the Value modelfield, select a value model for the fixed assets within the fixed asset group.

11. In the Depreciation groupfield, select a depreciation group for the fixed assets within the fixed asset group.

    Note
    When you create a fixed asset for a specific fixed asset group, the value model and depreciation group that you define in this form will be displayed by default in the FA value modelsform, and cannot be changed.

12. Press CTRL+S or close the FA group value modelsform.

13. Press CTRL+S or close the FA group tableform.