Step by step
- Open Accounting > Account Groups. Every group is shown under its parent group.
- To add a group under a certain group, click the + icon next to that group. Or press New and choose the parent yourself.
- In Add Account Group type the Name and choose Under Group. The new group takes its type (asset, liability, income or expense) and its balance side from that parent.
- Is Default Tax Calculator: Yes gives the accounts of this group a tax percent field, and they can be chosen as VAT/Tax. Is Allowed Bank Details: Yes gives them the bank detail fields. Both are copied from the parent; change them if needed and press Save.
- Click the name of a group to edit it, and the trash icon next to it to delete it.
Good to know
- The groups that come with the software, such as Cash-In-Hand, Bank Accounts, Account Receivable and Duties & Taxes, cannot be deleted and cannot be moved in the tree. Only their name and the two Yes/No options can be changed.
- A group that has sub-groups cannot be deleted. Delete or move the sub-groups first.
- The four main groups at the top cannot be edited, and a new group cannot be put directly under them.
- This page comes with the Core Accounting app of the App Store. The accounts themselves are made in Accounting > Accounts.
- The + button next to Account Group in the account form also opens Add Account Group.