How to Create Account Group
How to Create Account Group Name in SwilERP
In accounting, an account group is defined as the supporting report or document which includes detailed information of financial reports. For example, you can create current liabilities for groups of accounts and then include all liabilities ledger data in this group. In SwilERP, you can view the account details group-wise after creating the Group. In this, you have to add the details of the Master group, Group name, Group alias, or Nature of business. These groups help to categorize the details of transactions.
First, login in SwilERP dashboard to initiate the process
-
Go to the
Master Data> Accounts> Account Group.
- After that, a new window Account Group will appear in next slide.
Reference image:
Process to Create Group Name
A new window for creating a group name will appear in the next slide. Here you'll see all the created groups by system default. To create a new account group name, go to the
New
tab and follow the steps for further process.
- Select the Master Group name from the drop-down list in which master you want to add your group. (For example, you entered current liabilities as master group)
- The Group Type column will automatically be filled after selecting the master group name.
- Enter Group name which you want to create, suppose you entered "Advance Received from Customer" in column.
-
Add group Alias
name, if required.
- Select Nature of Group
as Assets, Liabilities, Income, Expenses.
- Tick mark on the options:
-
Show Details in Report
- Net Cr/Dr Balance for reports
- And, click on the Save button.
Reference image:
|
|
Related Articles
Create Ledger Account in Master
How to Create, Modify, and Delete a Ledger in SwilERP Overview of Ledger Account? A ledger is a book of accounts in which account transactions are recorded. The basic purpose of the creation of Ledgers in SwilERP is to maintain records of any type of ...Create Marketing Group
Steps to Create a New Marketing Group in SwilERP In the SwilERP software, the Group refers to the name of the manufacturing company for a particular product. For example, in the pharmacy sector, the product group name is entered as "Cipla" while ...Consolidate Report of Ledger Display
How to View Consolidate Report of Ledger Display in SwilERP Enterprise The Ledger Display is a feature of accounting. SwilERP, that presents a summary of all transactions for a specific period or a customized timeframe. It typically includes details ...Analysis Ledger Display
How to Analyze Ledger Display in SwilERP (RetailGraph) What is a Ledger Display? The Ledger Display in SwilERP offers a concise summary of transactions, whether for the current month or a customized timeframe. It includes essential details like ...Change Customer Posting Account
How To Change Customer Posting Account In SwilERP (RetailGraph) What does mean by customer posting account? Customer posting accounts let you assign general ledger accounts and documents to all customers, a group of customers, or a single customer. ...