Account Groups
Sage ERP Accpac uses account groups to classify account balances:
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On the financial statements that come with Financial Reporter.
These sample statements, which are designed for the Sage ERP Accpac sample data, retrieve data using standard account groups.
If you want to use these statements with your own data, you must assign the same standard account groups to your own accounts, or your reports will not be correct. (However, if you decide to use a different set of account groups, you can customize the sample reports to match your own account groups.)
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In the Income Statement and Balance Sheet snapshots that you view in the Sage ERP Accpac portal.
These snapshots retrieve data from a standard set of group categories that are linked to general ledger accounts through account groups.
If you plan to use the Income Statement and Balance Sheet snapshots, note that before you configure the snapshots, you must:
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Assign all account groups to appropriate categories from the standard set of group categories that comes with General Ledger. You can assign any number of account groups to the same category.
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Assign all general ledger accounts to appropriate account groups.
Otherwise, the snapshots may display incorrect information, or no information.
To use account groups
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Select the option to use account groups on the Account tab of the G/L Options form.
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Ensure that group categories are assigned to all account groups, if you plan to use the Income Statement or Balance Sheet snapshots. (You assign group categories in the Account Groups form. For more information about group categories, see Group Category.)
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Assign each General Ledger account to an account group. (You use the G/L Accounts form to assign accounts individually to account groups.)
You can use the Other account group for accounts that you want to exclude from your balance sheet and income statement.
You can use the Unclassified account group if you don't want to specify an account group whenever you create an account. (The default sort code for the Unclassified Account Group is ZZZZZZZZZZZZ, but the group code is blank.)
If you don't use account groups, the program assigns accounts to the Unclassified account group, internally.
Customizing account groups
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You can change the descriptions for the account groups to suit your business needs.
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You can reassign account groups to different group categories (although we recommend that you consider such reassignment very carefully).
Note: You cannot change the standard set of account categories that comes with the program.
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You can delete any account groups that you don’t need.
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If you don’t plan to use the General Ledger snapshots or the standard reports that come with Financial Reporter, you can add any new account groups that you need.
See also