Asset account groups

Asset account groups are the set of accounts that are used to create journal entries for adding, transferring, or disposing of assets.

When you set up Asset Accounting, you must create at least one account group for each company that has assets that are assigned to it. You can make changes to the account groups after you specify them.

Changes to account groups are dynamic. When you make an account group change, all new assets that use the account group are affected. Past transactions that use that account group are not affected.