Assigning a ledger group to an account or subaccount
Note: You do not need to assign a ledger group to a
system account. System accounts are automatically assigned to any
ledger group that is being processed.
You must assign a ledger group to any account or account and subaccount for which you want to maintain multiple ledger entries.
You must define a ledger group before you can assign it to an account. To use the ledger group in processing, you must also have at least one ledger associated with the group, and at least one company associated with the ledger.
These options are available to assign a ledger group to an account or subaccount:
| Assigning a ledger group to a detail account | Use this option to assign a ledger group to a detail account at the chart of accounts level. This ledger group is then valid for any company and accounting unit that uses the account. Assigning a ledger group to a detail account |
| Assigning a ledger group to a summary account | Use this option to assign a ledger group to a summary account at the chart of accounts level. This ledger group is then valid for any company and accounting unit that uses the account. Assigning a ledger group to a summary account |
| Assigning a ledger group to a detail subaccount | Use this option to assign a ledger group to a one or more subaccounts associated with a summary and detail account at the chart of accounts level. This ledger group is then valid for any company and accounting unit that uses the subaccount. Assigning a ledger group to a summary account |
| Assigning a ledger group to a posting account | Use this option to assign a ledger group to a specific accounting unit posting account. This ledger group is then valid only for the specific company and accounting unit that uses the account. Assigning a ledger group to a posting account |
| Assigning a ledger group to a subaccount template | Use this option to assign a ledger group to all subaccounts in a subaccount template already associated with a summary and detail account. Assigning a ledger group to a subaccount template |
| Assigning a ledger group to a subaccount template subaccount | Use this option to assign a default ledger group to one or more subaccounts in a subaccount template. Assigning a ledger group to a subaccount template subaccount |