Account Group (AM05.1)

Use Account Group (AM05.1) to define the accounts to be used to post journal entries created when adding, adjusting, transferring, or disposing of assets. At least one account group must be set up if a book was defined as a posting book for the company on Current Calendar (AM01.1).

Note: The labels on this form (Additions: Clearing, Disposals: Proceeds, Expense, Gain, Loss, Deferred Gain, Deferred Loss) display when you click a form function. In other words, click Inquire, Next, or Previous to get the labels to appear on the form.

Process at a Glance

  1. Define at least one depreciation book.

  2. Define a depreciation calendar for the current year (AM01.1).

  3. Define an asset type (AM06.1)

  4. (This step) Define an account group (AM05.1)

  5. Define an accounting unit group (AM09.1)

Processing Effect

Changes to account groups are dynamic, affecting all assets using an account group.

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