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What is account group and what does it control?

Answers were Sorted based on User's Feedback



What is account group and what does it control?..

Answer / venkat

Account Group control the Account Number range intervel and
feild status master record

Is This Answer Correct ?    34 Yes 5 No

What is account group and what does it control?..

Answer / krishna

Account group controls the

No ranges of Documents

Field status of the master records

and One time customer

Is This Answer Correct ?    34 Yes 11 No

What is account group and what does it control?..

Answer / muthuraj.g

Account group is a summary of accounts based on a criteria
that effects when master records are created.

The COA has different type of Account Group.

It is use to interval GL Number for P & l and Balance sheet
item.

we can create income GL group for eg. 1 to 1000
expenditure group 1001 to 2000 like that.

When create GL we use the GL Account Group Number.

Is This Answer Correct ?    24 Yes 3 No

What is account group and what does it control?..

Answer / veerababu

Account group control the field status of the company code
level.

Is This Answer Correct ?    18 Yes 5 No

What is account group and what does it control?..

Answer / muthuraj

Account Group used to control tbe Balance Sheet Item.

We can group the GL for P&l and Balance Sheet.

for eg. Expenditure 100000 to 199999
Income 200000 to 299999
Liability 300000 to 399999
Asset 400000 to 499999

We can easily create the GL number range and findout it.

Is This Answer Correct ?    18 Yes 6 No

What is account group and what does it control?..

Answer / n.kiran kumar reddy.

Account group determines the interval in which the account
number must be.while grouping accounts we can define the
fallowing for the group of acounts.
number interval.
screen layout for every account groups.
Using the account group, you can group the G/L accounts
according to functional area.

Is This Answer Correct ?    6 Yes 0 No

What is account group and what does it control?..

Answer / jasmine

Account group determines the interval in which the account number must be
while grouping accounts we can define the following for the group of accounts:
number interval for each group
screen layout for every account group

Is This Answer Correct ?    4 Yes 0 No

What is account group and what does it control?..

Answer / vikram kumar singh

Account group determine which field you can configure on
the G/L master record. At least it is necessary to have two
account groups, one for balance sheet a/c and another for
income statement(P&L). It dependents on the size of project
or business system.

The Account group: This will dictate how master data is
created.

Is This Answer Correct ?    3 Yes 0 No

What is account group and what does it control?..

Answer / purushothaman kannan

Account group availiable in General Ledger, Accounts
Payable and Accounts Receivble.

1. Number range for COA in GL , grouping Assets,
Liabilities , Income and expenditure.

2. Number range for vendor accounts and one time vendor
3. Number range for customer accounts and one time vendor
It will assign field status vairants for all

Is This Answer Correct ?    8 Yes 6 No

What is account group and what does it control?..

Answer / sanjay nayak

Account group availiable in General Ledger, Accounts
Payable and Accounts Receivble.

1. Number range for COA in GL , grouping Assets,
Liabilities , Income and expenditure.

2. Number range for vendor accounts and one time vendor
3. Number range for customer accounts and one time vendor
It will assign field status vairants for all

Is This Answer Correct ?    5 Yes 3 No

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