Asset dimension groups

Include the required transaction dimensions to assign to transactions for related processes such as Asset, Clearing, Gain, and Loss. It is useful to create journal entries when you add, adjust, transfer, or dispose of assets. Transaction dimension groups are not required, but they are convenient.

Asset dimension groups are defined by a company. You can assign an asset dimension group to each of the asset records or you can specify a default transaction dimension.

Assign the transaction dimension to a group if journal entries are posted to a specific transaction dimension. If they are expected to differ between assets, then you can specify one default transaction dimension when creating assets.

If you make a change to a transaction dimension, then all new transactions using the dimension are affected. Past transactions are not affected.