How to create a None Accounting Asset Group

Herewith a summarized step-by-step guide to create and set up a None Accounting Asset Group.

Before creating, please ensure that you understand the difference between Basic and None Accounting modules for Asset Groups and that you are certain about the type required. Click on the following link to view a guide to help you with this decision: Basic vs. None Accounting Diagram

Steps to create:

Select Asset Groups from the Portfolio Data menu
Click New Asset Group to open the Asset Group form
Complete the fields and make sure to leave the “Enable Accounting” toggle unticked. It must display as follows:

Click Create to create the No Accounting Asset Group.
On the newly created Asset Group in the list of Asset Groups, click the View button to open the Asset Group.
You can now proceed to create the Assets for this Asset Group.

Common Pitfalls

Herewith a list of common mistakes that could happen during the creation process - so you don't have to make them yourself:

Choosing the wrong Accounting Module when creating an Asset Group. This cannot be changed afterward and will result in deleting and recreating all data if specified incorrectly.
Not creating an Asset Group at all. Sometimes, when you only manage one unit in a complex/estate/building currently, you might think it is not necessary for an Asset Group at all. But remember, you can always get more units under management in the future, and then it won't be possible to create an Asset Group for the Assets afterward and link existing Assets to it. It needs to be created from the beginning if this is a possibility.