Types of Account Groups

Similar to setting up cost center groups, you can set up account groups to use for any report, or set up an account group to use for only one report. An account group that you can use for any report is a global account group. An account group that you can use for only one report is a report-specific account group. For example, you might create a global account group to include all accounts for owners' equity. You could then use that account group in both a profit and loss report and a balance sheet report.

You create a report-specific account group only when you use the Financial Report Setup program to set up report layouts. You can create a global account group from either the Financial Report Setup program or the Financial Report Account Setup program.