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.