1. I am not sure what you meant by default, but your idea of using groups is the best way to go. If you are running depreciation, you can choose the group, although it is not the default. However, for any reports, you can make the group the default group by saving customized report with the group as the default group. 2. To do a mass ...

 As explained, GROUP MANAGER is one of the most valuable tool in performing any data analysis in FAS. It is your most important ally.

 The same procedure for one company is done with the other companies. Depending on the auditors objectives, sampling is done using the FAS register and/or the G/L, existence is confirmed by physically checking the asset using the register list and vice versa - picking an asset from the floor and checking it against the register. I am not ...

 DITTO.

 FAS transfers the depreciation automatically when you do the transfer. You do not have to adjust the depreciation. Jay  

 Dispose the assets as you would normally do. After you have ran your depreciation at month end, you will notice that your depreciation expense (FAS vs G/L)  and accumulated depreciation (FAS vs G/L) would differ by the same amount. You will end up crediting your depreciation expense and debiting your accumulated depreciation by ...

 In general, the cost of the trainer is deductible as business expense. The training cost can only be capitalized in rare circumstances where the training is intended primarily to obtain future benefits significantly beyond those traditionally associated with training provided in the ordinary course of your business. In general, it is ...

 You can do a transfer of assets. Lets assume that Co 1 is the main company. Transfer all the assets of Co 2 to Co 1. Then Co 3 to Co 1, etc.

  One idea is separate server for MAS and FAS and no link - the two act like independent applications. To update the asset accounts in the G/L, you have to enter the journal entries manually.

  What do you mean by "need of impairment"?