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Define Account Group

When creating a G/L account, you must specify an account group.

The account group determines:

• the interval in which the account number must be

• which fields are required and optional entries when creating and changing master records

• which fields are suppressed when creating and changing master data.

It enables you to control the layout of screens.

You use account groups to combine accounts according to the above criteria (for example, a P&L account group, asset account group and material account group).

Note

Account groups for G/L accounts are based on the chart of accounts.

Standard settings

Account groups are defined for the standard charts of accounts.

Activities

Check and change the standard account groups as needed. If you set up your own charts of accounts, you must specify account groups for them.