Adding, Editing & Deleting Account Group in Ginesys HO

The Account Group are collection of ledgers of the same nature. Account groups are maintained to determine the hierarchy of Ledger Accounts, which is helpful in determining and presenting meaningful and compliant reports. It allows the segregation of the various accounts into groups and sub groups for easier management of the organization’s accounts. This article describes how to set up Account Group in Ginesys HO.

What are the different types of Account Groups?

Assets & Liabilities- While assets are resources that are expected to benefit future operations, liabilities are debts that represent negative cash flows in future. Assets are source of future cash flow; like buildings, machinery, equipment, or inventory of merchandise or investments and liabilities includes accounts payable (goods and service purchased on credit), notes payable (a written promise to pay), other accrued expenses (like wages, interest, taxes).
Income & Expense- Income refers to transactions that have resulted in positive cash flow on a regular basis and Expense refers to negative cash flows on a daily basis.

Prerequisites

The users' role must have access to the Accounts Group feature by enabling Add app operation for the feature in Admin - Security - User - Role through Finance - Setup - Chart of Account.

Step-by-step guide

The steps are as follows:

Go to Finance > Setup > Chart of Account > Account Group.
Account Group module will open.
You will get two sections - Assets & Liabilities and Income & Expense.
There are Group Node and Leaf Node in every section.
Group Node:
1. You will get four options for Group Node - Add, Edit Group, Expand All and Collapse All. You can operate those options by right clicking on the group node.
2. Click on Add option.
3. A new Group will be added instantly.
4. You can add name of the newly created group.
Leaf Node:
1. A Leaf Node is a node which has no tagged ledgers or child nodes.
2. You will get four options for Leaf Node - Add, Edit Ledger Group, Edit Ledger Sequence and Delete. You can operate those options by right clicking on the group node.
3. Click on Add option.
4. A new Node will be added instantly.
5. You can add name of the newly created node.

Prerequisites

The users' role must have access to the Accounts Group feature by enabling Delete app operation for the feature in Admin - Security - User - Role through Finance - Setup - Chart of Account.

Step-by-step guide

The steps are as follows:

Go to Finance > Setup > Chart of Account > Account Group.
Account Group module will open.
You will get two sections - Assets & Liabilities and Income & Expense.
There are Group Node and Leaf Node in every section.
Leaf Node:
1. A Leaf Node is a node which has no tagged ledgers or child nodes.
2. You will get four options for Leaf Node - Add, Edit Ledger Group, Edit Ledger Sequence and Delete.
3. You can operate those options by right clicking on leaf node.
4. Click on Delete option.
5. Leaf node will be deleted.

It helps to expand the group node.

It helps to collapse the group node.

Online Printing option is now available from version 12.6.6 onwards.

To go back to the main page click on the link : How To: Manage Setup in Ginesys Finance