(Spreadsheet 1 - Tab 3)


Review your client’s current fixed asset register and collect each of the asset group names they use. In this step, we need to define at an asset group level which chart of accounts each possible journal line type will post to in their general ledger.


---> A. Collect and enter one asset group name per line,


---> B. Each general ledger account needs to be mapped to a CoA account. (Only required if integrating with clients G/L; otherwise, default names exist for report generation.)



Optional fields to consider:


  • Description, would define the asset group & help the client select the correct asset group when creating new assets

  • Parent Group, is a way to establish a hierarchy within your asset groups.

  • Tax depreciation default, setting a tax depreciation default can be helpful if the client's organisation typically depreciates most assets within an asset group by the same rate. Alternatively, leave this blank, and the client can use the ATO & IRD lookup table to depreciate asset in line with local tax rulings.

  • Accounts depreciation default, setting a tax depreciation default can be helpful if the client's organisation typically depreciates most assets within an asset group by the same rate.





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Related documents

Implementation Guide

Register Information Collection (Spreadsheet 1)

Asset Import Template V1.1