Set Up Group Assets in Book Controls

To set up group assets in the Book Controls window:

  1. Navigate to the Book Controls window.

  2. In the Class field, select Corporate. You can only create group assets in a corporate book.

  3. Select the Accounting Rules tabbed region.

  4. Allow Amortized Changes: This option does not affect group or member assets, or individual assets that previously belonged to a group asset. See: Defining Depreciation Books.

  5. You must check the Allow Group Depreciation check box before creating group assets in the book.

    If group assets are not allowed in the tax book, mass copy results in the following:

  6. Optionally check the Allow CIP Members in Group Assets check box to enable adding CIP assets to group assets. If this check box is not checked, you will not be able to add a CIP asset to a group asset, even if you have set the default group asset on the Default Depreciation Rules window on the Categories form. If the Allow CIP Members in Group Assets check box is unchecked, the Allow CIP Depreciation in Group Assets check box is disabled.

    Once the Allow CIP Members in Group Assets check box is checked and saved, you cannot uncheck it.

  7. You must check the Allow CIP Depreciation in Group Assets check box to depreciate the CIP asset cost for member assets.

  8. Optionally check the Allow Member Asset Tracking check box to enable member asset tracking for the depreciation book. Once the check box is checked and saved, you cannot uncheck it.

  9. You must check the Allow Intercompany Member Asset Assignments check box if you want to allow member assets to have balancing segment values that are different than the balancing segment value of the group asset.

If the check box is unchecked for a particular depreciation book, you cannot set up member asset tracking for that book.