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Select General Ledger Setup menu > Account Group Maintenance.

For new companies, you can only access Account Group Maintenance after completing the General Ledger Setup Wizard.

Only one user at a time can access Account Group Maintenance. The second user that accesses Account Group Maintenance will open an inquiry version in which fields can only be viewed.

Use Account Group Maintenance to create and maintain groups of main accounts. Default account groups with predetermined group code ranges are initially created during new company setup using the General Ledger Setup Wizard, but you can further maintain these account groups and also create new account groups. You can create either numeric or alphanumeric account groups. A numeric account group applies to all main account numbers between the beginning number of the account group to, but not including, the beginning number of the next account group.

Each account group is assigned a category, which defines a collection of accounts of the same type. Account categories are predefined in the General Ledger module and include the following types: assets, liabilities, equity, revenue, cost of sales, expenses, other income and expense, income tax, and non-financials. Each category also includes a set of predefined account types and cash flow types that you can select to further define the group. This information determines how each account is handled for reports, subtotals, and the year-end balance, and the account group description is used as a heading on various reports, such as the Trial Balance and Financial Reports.

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