Fixed Assets Management

Flexible Asset GL account assignment

We've removed a restriction on Asset GL accounts and added a new field to bill and purchasing transaction lines to give you a more flexible experience.

What's changed

Previously, each asset classification required its own unique Asset GL account. Now, multiple asset classifications can share the same Asset GL account. The GL account still behaves the same way, recording asset‑related transactions, but you now have more control to align classifications with your company’s accounting structure.

Bill line showing the new Asset classification dropdown

To support this update, bill and purchasing transaction lines that create assets now include an Asset classification dropdown. When you select an account for a line, the dropdown automatically filters to show only classifications that use that account as their Asset GL account. This helps keep your selections accurate and ensures new assets inherit the correct GL configuration.

Permissions and other requirements

Subscription	Fixed Assets Management Accounts Payable Purchasing
Regional availability	All regions
User type	Business
Permissions	Fixed Assets Management Asset: List, View, Add, Edit Classification: List, View, Add, Edit Accounts Payable Bills: List, View, Add Purchasing Purchasing transactions: List, View, Add
Configuration	For AP integration, requires the Create assets from bills setting enabled in Fixed Assets Management Configuration. For Purchasing integration, requires the Create assets from purchasing transactions setting enabled in Fixed Assets Management Configuration.