Groups

Groups

Article Content: This Is A Step By Step Guide On How To create, edit, and organize groups for Categorizing accounts and reporting elements used in financial statements 

Groups allow you to categorize and organize accounts, rows, or reporting elements into logical sections for use in financial statements. They help simplify report building by letting you reference an entire group instead of selecting individual items repeatedly.

Step-By-Step

Step 1: Navigate to System Setup → Report Setup → Groups.

This screen displays all existing group definitions that can be used throughout financial reports.


Step 2: To create a new Group, select New.

You can now:

  • Enter a Group ID and Description

  • Add accounts, ranges, or reporting elements to the group

  • Organize items into meaningful categories (such as Assets, Revenue, Expenses, Departments, etc.)

After entering the details, click Save & Close.



Step 3: To edit an existing Group, select the group from the list.

You may:

  • Add or remove accounts

  • Change the group description

  • Reorganize the items within the group

  • Update any grouping logic

Once complete, select Save & Close.


Step 4: All configuration is done within a single General tab, where you define:

  • Group name and description

  • Items included in the group

  • Ordering or classification details

Step 5: Groups can be applied in Report Rows, Formulas, and other report setups to streamline reporting and ensure consistent categorization across all financial statements.

    • Related Articles

    • Financial Reports

      Article Content: This article provides an overview of the financial reports section found under system setup Step-By-Step Step 1: Go to System Setup → Report Setup → Financial Reports. This screen displays a list of all financial reports available in ...