Fixed Asset Group (FGRP)
Fixed Asset Group (FGRP) is used to identify and describe the kind of fixed asset on a more detailed level than the fixed asset type. You must assign every fixed asset to a fixed asset group.
The fixed asset group is the most detailed level of the fixed asset type hierarchy. The progression is as follows: 1. group; 2. group class; 3. group category, and 4. type.
For example, within type
E
(equipment), a group category could be office equipment, a class within that could be typewriters, and one group within that would be IBM Selectric Typewriters.
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Type
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Key field. Enter an asset type. See Fixed Asset Type (FATP) for valid values.
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Group
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Key field. Enter a fixed asset group.
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Group Class
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Conditional. Required if you report by group class; otherwise, optional. Enter the class to which this group belongs. See Fixed Asset Group Class (FGCS) for valid values.
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Group Category
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Conditional. Required if you report by group category; otherwise, optional. Enter the category to which this group belongs. See Fixed Asset Group Category (FGCT) for valid values.
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Name
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Optional. Enter the group name as you want it to appear on reports, up to 30 characters.
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Short Name
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Optional. Enter the name that you want to appear on reports when there is insufficient space for the full name, up to 12 characters.
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