Account Groups Overview

Use account groups to group related accounts on your general ledger reports. You can group accounts even if the accounts do not reside in the same account range in your firm's chart of accounts.

To establish account groups, you do two things:

  1. Establish names and group types for the account groups in the Account Group Name Info Center.

  2. Establish account group tables in the Account Group Table Info Center. Each table defines a scheme for grouping accounts on your general ledger reports. You specify an account or an account range when you define each account group table.

For example, you need to group all revenue and reimbursable expenses under the heading Revenue on your general ledger reports. First, you create an Account Group called Net Revenue. Then you add the revenue and reimbursable expense account ranges to the Net Revenue account group table. You can generate a report that displays each account separately under the heading Revenue or you can display a single, consolidated entry for all the revenue and reimbursable expenses in the account group.

You cannot use the Account Group feature to cross accounts between the Income Statement and Balance Sheet. Revenue and expense accounts cannot display on the Balance Sheet. Assets, Liabilities, and Net Worth accounts cannot display on the Income Statement.

Related Topics:

  • Rules for Mapping Account Groups to Account Group Tables
    The detailed account group tables contain account ranges that you map to account group names. If accounts within a detailed account group are not consecutive, you must reference several account ranges in the account grid associated with the account group.
  • Two Levels of Account Groups for General Ledger Reports
    You can set up two levels in your account group structure to allow more flexibility when you customize your general ledger reports.
  • Specify Account Groups on General Ledger Reports
    You create account groups as a way to organize accounts for financial reporting purposes. After you create account group names and account group tables, you can use account groups to organize data on your general ledger reports.
  • Account Group Name Info Center Overview
    An account group name is a label for a grouping of accounts, such as Unbilled Revenue. You create a master list of account group names in the Account Group Name Info Center.
  • Account Group Table Info Center Overview
    Use the Account Group Table Info Center to associate account groups with accounts. You must set up account group names before you create account group tables. Each table provides Vision with one scheme for grouping accounts for financial reporting purposes.
Parent Topic: Account Info Center Overview