what is the mean of group of accounts and examples
Answers were Sorted based on User's Feedback
Answer / bharath
Group account means a similar kind of accounts. In chart
of accounts contain number of Group accounts.
Eg:-
Group description number range
FAST – fixed assets -- 100000-199999
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / e.sunil kumar reddy
account group means at the time of creating the groups in
SAP we will give the range of account codes to group.In
chart of a/c groups number of a/c groups.SAP has given
account group.structure of a/c groups in SAP will be as under.
chart of a/cs
|
account group
|
accounts
chart of a/cs a/c group description from no. to no.
| | | | |
xxxx cala current assets, 200001 200100
lons,advance
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / gokhalemahesh20
we have grouped G.L. according to there similarity for
reporting purpose. And in SAP we create group accounts in
same logic but there is more function for group accounts it
also control field status of master record & also define
number ranges for that similar kind of G.L.
Examples of group of accounts
Administrative expenses, payment to employees, fixed assets,
etc
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sapuser
Account group is grouping of accounts according to similar business functions..like customer acc group, vendor acc group, material acc group etc...It controls wt all the fields r required, optional and suppressed fields when a gl master is created. Also it determines the interval from which the document number should be.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / g
Group account means a similar kind of accounts. In chart
of accounts contain number of Group accounts.
Eg:-
Group description number range
FAST – fixed assets -- 100000-199999
Is This
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / anjaneyulu
ACCOUNT GROUP MEANS NAME OF GROUP ACCOUNTS UNDER WHICH U CAN
CREATE N NUMBER OF ACCOUNTS EX
EX. FIXED ASSETS UNDER THE GROUP NAME U CAN CREATE DIFFERENT
TYPES OF FIXED ASSETS LIKE BUILDINGS, PLANT AND MACHINERY...
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vivek
It contains a list of all GL account, called a group of
account. It accepts the account number ranges.This group of
account is useful to create a GL Account with the
transaction code FS00.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chinnareddy
group account means the account which is maintaind at group
chart of accouts level. and it is assigned to gl account in
fs00.for operating chart of accounts.which means operating
chart of accounts gl will include in group account number.
Is This Answer Correct ? | 0 Yes | 2 No |
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