You can create and maintain account groups. The information you enter for an account group determines how each account is handled for reports, subtotals, and the year-end balance.
Before You Begin
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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.
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When printing financial reports, a subtotal is printed for each account group within each account category. Alpha account groups print in alphabetical order within each account category, and numeric account groups print in ascending numeric order within each account category. When creating account group codes, keep this information in mind to make sure that account groups within each account category print in the order you want on financial reports.
To create an account group
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Select General Ledger Setup menu > Account Group Maintenance.
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In the Account Group field, enter the account group code for the new group or the group to maintain. For more information, see Account Group Maintenance - Fields.
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Enter the description for the group. In the Category, Account Type, and Cash Flow Type fields, select a category, account type, and cash flow type for the group. Click Accept.
Note After an account group is created and main accounts have been assigned to it in Main Account Maintenance, the account group cannot be deleted.
A new account group is added or maintained.
