Modify Account Groups
Explanation
Use this activity to enter and modify information on account
groups used within the company. This mandatory task is to be performed by a
system administrator or equivalent person.
Account groups are used for sorting purposes and for term
selection in reports. You can also print subtotals per account group in reports.
When a company is created, a number of default account groups are created which
can be modified in the Account Groups window. An account group
cannot be edited or deleted if it is in use.
Prerequisites
This activity has the following prerequisites:
- The company must exist in IFS Financials.
System Effects
As a result of this activity:
- An account will be linked to the corresponding account
group.
- Account groups can be used in IFS/Report Generator and
IFS/Periodical Cost Allocation.
- Account groups can be linked to the parent company's consolidation account
in
IFS/Consolidated Accounts.
Window
Account Groups
Related Window Descriptions
Account Groups
Procedure
To perform this activity, follow these steps:
- Open the Account Groups window.
- Query for the account group on which to enter or modify information.
- To enter a new account group, create a new record.
- In the Account Group field,
enter
alphanumeric characters for the ID.
- To enter or edit the description, use the Description field.
- If IFS/Consolidated Accounts is installed, select the
parent company's consolidation account from the List of Values. The
description is populated.
- Save the changes.