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.
When you create both summary account groups and detail account groups, you make it possible to generate either summarized financial statements or the kind of detailed financial reports necessary for effective project control and billing.
If you set up two levels of account group structure, you specify the associations between a summary account group and its detail account groups when you create account group tables.
For example, you can establish a structure such as the following:
| Summary account group: Current Assets | |
| Detail account group: Receivables | Detail account group: Cash and cash equivalents |
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Accounts:
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Accounts:
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