Sage 300 uses account groups to classify account balances on the financial statements that come with Financial Reporter.
The sample statements are designed for Sage 300 sample data, and retrieve data using standard account groups.
To use the statements with your own data, you must either:
- Assign the same standard account groups to your accounts.
- Customize the sample statements to match the account groups that you have set up for your company.
Customizing Account Groups
You can use account groups whether or not you also use Financial Reporter's standard financial statements or data snapshots.
If you do not plan to use the General Ledger snapshots or the standard reports that come with Financial Reporter, 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.