Select language:
Entering content frameObject documentation Account group  

Definition

The account group is a summary of accounts based on criteria that effects how master records are created.

The account group determines:

  • The number interval from which the account number is selected when a G/L account is created.
  • The screen layout for creating G/L accounts in the company code-specific area

Use

When you create a G/L account in the chart of accounts area, you must specify an account group.

Using the account group, you can group the G/L accounts according to functional area.

Example

For example, you can group all bank accounts, postal giro accounts, and cash in the account group FIN. for "liquid funds".

The account group also defines the set up when creating a G/L account in the company code and chart of accounts. By defining the number interval and the screen layout, you simplify G/L account creation by reducing the number of entry fields.

The account groups are entered in Customizing per chart of accounts. You do this in Financial Accounting Customizing under General Ledger Accounting ® G/L Accounts ® Master Data ® Preparations ®

Define Account Group.

Structure

The account group contains the following definitions:

  • Number interval

Standard charts of accounts are recommended in most countries. These are generally created so that the numbers of accounts belonging to the same functional area begin with the same digits. You use the account group in the chart of accounts to indicate this grouping principle. For more information on this, see

Defining Number Ranges.
  • Screen Layout

The accounts within a functional area require the same fields for storing information when entering and processing business transactions. Using the account group, you define the fields needed for each functional area and the form needed. For more information on this, see

Defining the Screen Layout.

Note

Make certain you define the field status when defining an account group. Otherwise, all fields are hidden. For more information, see

Field Status Definition

 

 

 

Leaving content frame