A fixed asset group has three purposes. The first is a logical grouping of fixed assets that is mainly used for reporting and analysis. The second purpose is considered as another integration point between the general ledger and the fixed asset module. The third purpose identifies the asset's service life and depreciation periods. In order to access fixed asset groups, go to Fixed assets | Setup | Fixed asset groups. The following screenshot shows the fixed asset group form:
On the fixed asset groups form, identify the asset type and major type, in addition to identifying the auto-numbering of fixed assets, and attach the ...
