Asset Groups are used to apply accounting rules and default settings to related assets, based on the nature of the assets. The Asset Groups can then be used later for reporting purposes.


Each asset is assigned to an Asset group.


Asset Groups classify different types of assets (e.g., Freehold Land & Buildings, Office Equipment). 


It is useful to structure the asset groups by Asset type and Depreciation method:

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The asset types are predefined in iplicit:


There is a predefined list of depreciation methods available in iplicit, but it is possible to add more if you have a specific requirement.


Asset groups can allow assets to be tracked via serial no's or barcodes:


When Tracking is selected on the Asset group the relevant fields will be made available on the Asset:


Custom fields may be added to Asset groups, and these can be used to record your own custom defined information. For example, all of the assets in this group will have this custom field available for use:




For more information on Asset groups, here is the link to the User Guide:  Asset Groups | Iplicit