Vaidy dug up a useful old Fixed Assets post and it helped him solve an issue. That’s why I do the Weekly Review segment to bring some of the posts you may have missed back to light. Check out Vaidy’s issue in Significance of Fixed Assets REQUIRE ACCOUNT Setup Option
Significance of Fixed Assets REQUIRE ACCOUNT Setup Option
Archived post from 2010. Dynamics GP and the links it points to have changed since; check current documentation before relying on version-specific steps.