We create groups so that different ledgers can be merged and viewed together for better understanding. For example, All customer accounts grouped under Sundry Debtors.
To add a new group:
- Go to Accounting -> Group Master
- You will see all the existing groups. To add a new group, fill the details under any of primary group. The primary groups available are:
- Income: like- Maintenance Charge, etc.
- Expense: like – Salary, etc.
- Assets: like Sundry Debtors, Cash, Bank, etc.
- Liabilities: like Sundry Creditors, Tax, etc.