How To Create Account Group

Account Group allows organizations to define specific settings and attributes for different types of master data, such as customers, vendors, general ledger accounts, and assets. By assigning master records to relevant account groups, it ensures consistency, facilitates efficient data management, and enables streamlined reporting and analysis across various modules.

Step 1 > Go to “Settings.”

Step 2 > Click on “Accounting.”

Step 3 > Click on “Account Groups.”

Step 4 > Click on “Add a Group.”

Step 5 > Key in the Account ID

Step 6 > Give an appropriate name for the account group.

Step 7 > Choose the Parent Id from the drop-down menu.

Step 8 > Choose the Type such as Asset, Liability from the drop-down menu.

Step 9 > Click on “Create.”