FA: Solution Presentation

FA: Asset Group

Group Asset
A group asset is a collection of member assets. Member assets are individual assets that belong to a group asset. You can add member assets to a group asset, or delete member assets from a group asset. You can transfer member assets in or out of a group asset, as well as transfer member assets between group assets. The group asset cost is equal to the sum of all the member asset costs.

Group Asset
t Tracking at Book Label

Gr t C t = 3,000

C D

t = 3,000 r ciati n = 600

M mb r t1 C t = 1,000 C D t = 0.00 r ciati n = 0.00 C D

M mb r t2 C t = 1,000 t = 0.00 r ciati n = 0.00 C D

M mb r t3 C t = 1,000 t = 0.00 r ciati n = 0.00

Group Asset
t Tracking at Member Label

Gr

t D

t , r ciati n

M mb r

t1

M mb r

t2

M mb r

t 1, r ciati n

t 1, r ciati n

t 1, r ciati n

Creation of Group Asset

A group asset can be added in many ways. Following are the various methods of adding a Group Asset: A. Detail Addition on Asset Workbench, B. Quick addition on Asset workbench. . Prepare Mass Additions E. Web ADI

Member Asset Addition

A Member Asset can be assigned to a Group asset in many ways. Following are the various methods of assigning a member asset to a Group: A. Detail Addition on Asset Workbench, B. Quick addition on Asset workbench. . ategory D. Prepare Mass Additions E. Web ADI

Disabling Group of Assets

A group asset cannot be deleted once a member asset is added to the Group asset. The group asset cost is a sum total of its member asset cost, it does not have any cost of its own. Thus, a retirement transaction may not be performed on a group asset.

Disabling Group of Assets

Prerequisites for disabling a group asset:
Fully retire all the member asset of this group, or Reclassify the members out of this group, and The cost of the group asset must be zero

FA: Reports

10

Journal Entry Reserve Ledger Report

11

Group Asset Summary Report

12