About Account Groups

Use account groups to classify account balances in the Income Statement and Balance Sheet widgets on the Sage 300 home page.

These widgets retrieve data from a set of group categories that are linked to general ledger accounts through the standard account groups.

If you plan to use the Income Statement and Balance Sheet widgets, note that before you configure the widgets, you must:

• Assign all account groups to appropriate categories from the standard set of group categories that comes with General Ledger. You can assign any number of account groups to the same category.
• Assign all general ledger accounts to appropriate account groups.

Otherwise, the widgets may display incorrect information, or no information.

Customizing Account Groups

You can use account groups whether or not you also use the Income Statement and Balance Sheet widgets for General Ledger. If you do not plan to use the General Ledger widgets, you can add any new account groups that you need, or delete any account groups that you do not need.

You can add any new account groups that you need, or delete any account groups that you do not need.

You can reassign account groups to different group categories. However, we recommend that you consider such reassignment very carefully.

Note: You cannot change the standard set of account categories or the sort codes that come with General Ledger.

Note the following additional characteristics of account groups:

• You can change the descriptions for the account groups to suit your business needs.
• One account group can be used by many accounts.
• One sort code can be used by many account groups.
• The system assigns the Unclassified account group to accounts that use a blank account group code.

Last published: 4/8/2016