Definition

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

The account group determines:

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.

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:

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 .

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 .