AssetAccountant™ supports a variety of ways to classify and sort your asset register. 

  • We use classification that can divide up an asset groups depreciation most commonly used for profit and cost centres. 
  • We support custom fields - this allows users to assign any text or number values against any asset.
  • We support parent/ child relationships of assets, these are components of assets.

And we support parent/ child relationships of asset groups. This allows users to split their asset groups under a parent group heading. This is often used as an additional way to categorise depreciation journaling.

To set up a parent group you must already have asset groups in your register. Then follow these steps:

  • From the view assets grid, select the asset group that you would like to child under a parent.
  • This will take you into the asset group settings, from here type in the name of the parent group you would like to assign in the 'Parent Group' field.

Once you have assigned the parent group click 'Save' in the upper right corner.

This will take you back to your view assets screen where you will now see your asset group-housed under the newly created parent group.