SECTIONSAsset Sub-Group Fields
An asset sub-group represents a further classification of an asset group. Here is a description of the fields on a Fixed Asset Sub-Group.
Key: * – Mandatory field; A – Only available if Fixed Asset Management is integrated with Accounting in your organization.
| Field Name | Description | |
|---|---|---|
| Asset Sub-Group Name | * | Name of the asset sub-group. |
| Asset Group | * | Lookup to the Asset Group to which this sub-group belongs. |
| Accumulated Depreciation GLA | A | Lookup to the accumulated depreciation general ledger account that relates to the asset sub-group. This general ledger account is used to reduce the value of the asset on the balance sheet and is credited throughout the depreciation schedule. When the asset is disposed of, the account is debited to write off the depreciation value. This field enables you to automatically populate the corresponding Accumulated Depreciation GLA field while creating a new asset in the asset sub-group. |
| Depreciation GLA | A | Lookup to the depreciation general ledger account that relates to the asset sub-group. This is the general ledger account to which depreciation is charged for the profit and loss account and is debited during the depreciation schedule .This field enables you to automatically populate the corresponding Depreciation GLA field while creating a new asset in the asset sub-group. |
| Fixed Asset GLA | A | Lookup to the fixed asset general ledger account that relates to the asset sub-group. This general ledger account is debited when the asset is acquired and credited when the asset is disposed of. This is normally a balance sheet account. This field enables you to automatically populate the corresponding Fixed Asset GLA field while creating a new asset in the asset sub-group. |
| Payment GLA | A | Lookup to the payment general ledger account that relates to the asset sub-group. This general ledger account is credited when the asset is acquired. This is normally a balance sheet account. This field enables you to automatically populate the corresponding Payment GLA field while creating a new asset in the asset sub-group. |
| Asset Disposal Profit and Loss GLA | A | Lookup to the profit and loss general ledger account that relates to the disposal of assets in the asset sub-group. This general ledger account is debited when an asset is disposed of to write off its remaining value. This field enables you to automatically populate the corresponding Asset Disposal Profit and Loss GLA field while creating a new asset in the asset sub-group. |
Related Lists
Depending on the page layout your administrator has chosen, the Asset Sub-Group Detail page contains related lists that show the Fixed Assets and Depreciation Books related to the asset sub-group.