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.
- 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 - 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. - 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
- LGE applies the custom group to account 41100 Hospital Sales with these results:
41100-100
41100-200
41100-300
41100-400
41100-500