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.

For each account group, you specify the account group name on the Detail Account Group tab. Then you associate each account group name with a group type, which is a standard account category such as Assets, Liabilities, Net Worth, or Reimbursables. The group type determines where the account group displays on general ledger reports. You also specify the group types on the Detail Account Group tab. You must establish these names before you set up account group tables, which associate the account group name with an account or range of accounts.

You can create two levels of account groups, summary and detail, which provides additional flexibility when you customize your General Ledger reports.

• If you set up a single level of account groups, use the Detail Account Group tab to specify account group names and the corresponding group types.
• If you set up two levels of account groups, first use the Detail Account Group tab to establish detail account groups and then use the Summary Account Group tab to set up summary account group names. You must specify group types for both the detail and summary account groups. You then associate each detail account group with its "parent" summary account group when you set up account group tables. After you establish that association, the group type for the summary account group overrides the group type for all associated detail account groups.