Sub accounts

If you select the Use Sub Accounts option on your finance enterprise group, you can create sets of sub accounts that you can add to accounts.

Sub accounts can be attached to accounts individually or by using a custom group. The same sub account can belong to multiple custom groups.

Example

LGE hospitals use sub accounts to track a variety of medical supplies. They use these sub accounts to track both inventory and revenue.

  1. LGE creates these sub accounts:
    Sub account Description
    100 Non-prescription drugs
    200 Prescription drugs
    300 Needles
    400 Lab supplies - swabs, glass
    500 Disposal - tissues, gloves
  2. LGE creates a custom group named MEDICAL SUPPLIES that includes the previously defined sub accounts. LGE creates the custom group directly from the first account to which it wants the sub account group applied. Then the custom group can be used by any account.

    A custom group is a global entity that you use to dynamically build lists by applying criteria to a business class. For sub accounts, the business class is GeneralLedgerSubAccount.

    For the MEDICAL SUPPLIES custom group, these are the criteria:

    (GeneralLedgerSubAccount >= "100" and GeneralLedgerSubAccount <= "500")
    Note:  This custom group leaves room to add more sub accounts at a later time. For example, sub account 450 would be part of this custom group.
  3. LGE applies the custom group to account 15100 Stock and Supplies and to each chart in which the account is included.

    In each chart in which the account is included, these accounts are added:

    15100-100

    15100-200

    15100-300

    15100-400

    15100-500

  4. LGE applies the custom group to account 41100 Hospital Sales with these results:

    41100-100

    41100-200

    41100-300

    41100-400

    41100-500