please consider the inclusion of one more level for Fixed assets , Fixed assets, accumulated depreciation and Fixed assets - depreciation accounts. This feature will enable users to group their fixed assets properly.
This way Fixed assets will be the main account and then in it, various sub accounts and in these various sub accounts the fixed assets items. so we can have Furniture and Fittingssub account, Vehicles sub account, Plant and Machinery sub account, Computer and Office sub accounts etc
During the creation of the items we will select which sub account under Fixed assets the item falls under.
Currently the Fixed assets account can only show one level, i.e right after clicking on it the fixed asset items are lined up. The user will create the groups of their choice, or for a start you may add default groups.
I don’t think it will be necessary for Intangible assets since most companies have a small number of Intangible asset to account for
what a nice thing it wll be, we may even be able to create a custom control accounts to separate inventory. For example, a seperate inventory control account for office use inventory items, e.g printer catridge and other office consumables, and inventory control account for production of finished goods for sale items.
The ability to see different account groupings will require you to actively set things up that way in your chart of accounts. It will not happen unless you want to change your account structure. In other words, you will be able to retain your current setup if you want. But once you set it up, you will not be able to toggle back and forth between account arrangements, if that is what you mean.
