What is a general ledger group?
A ledger group determines whether a ledger account is part of a balance sheet or an income statement, as well as categorises accounts on those reports.
Creating a general ledger group
Watch this video to see how to create a ledger group or follow the steps below it.
Navigate to the correct window
- Navigate to Ledger / Ledger Maintenance / Ledger Groups Definition.
Create the group
- Enter the appropriate group code in the Group text box.
- Check that the following message box appears: The group does not exist - do you want to create it?
- Click the Yes button.
- Enter a name for the group in the Description text box.
You can change the names of the ledger categories by clicking the Categories button.
Save the group
- Click the Accept button.