1. Implementing Assets
  2. Set Up Group Assets in the Corporate Book

Set Up Group Assets in the Corporate Book

Before creating group assets, you need to configure your corporate book to allow group assets.

  1. Navigate to the Edit Book page.

  2. In the Book Class field, select Corporate.

  3. Enable the Allow amortized changes option.

  4. Click the Advanced Rules tab.

  5. Enable the Allow group depreciation option.

  6. If your company needs to add CIP assets to group assets, enable the Allow CIP members option.

    Note: Note: Once you enable the Allow CIP members option and save it, you can't disable it.

  7. If you need to allow CIP member assets to depreciate, enable the Allow CIP depreciation option.

    Note: If you don't enable the Allow CIP members option, you can't enable the Allow CIP depreciation option.

  8. If you want member assets tracked by depreciation book, enable the Allow member tracking option. Once you enable and save this option, you can't disable it.

  9. If your company requires member assets to have balancing segment values that are different than the balancing segment value of the group asset, enable the Allow intercompany member option.