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Finance | Project Operations, Human Resources, ...
Suggested Answer

Asset group in - Item group setup Tab

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Posted on by 452

HI All,

 

I would like to know the  "Functionality" Behind "Asset group" field in Item group form > setup tab.

thanks,

karunakaran N

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  • Suggested answer
    Provios Profile Picture
    65 on at

    Hi Karunakaran,

    The purpose is to be able to post separate Asset groups to different main accounts when posting transactions (such as acquisition, depreciation and disposal). In some countries you are by law required to keep certain types of assets in separate accounts, and in other cases Finance just wants more detailed control of the Assets.

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