Location: Account Groups (task ID: AccountGroupMnt)

Account groups are used in reconciling (matching) intragroup transactions. Reconciliation is done with reporting functionalities. The default report is included in all Clausion FPM environments.

Account groups are created in Account Groups, but account group and account connections are set in Accounts. A reconciliation account can be attached to each account group for creating reconciliation entries automatically when internal transactions reported by the unit do not match. Existing reconciliation entries are not changed if the reconciliation account is removed from the account group. For more information about automatic reconciliation entries, see Automatic Reconciliation Entries (ARE).

The account group management functions are available for users who have administrator rights.

Note! It is not recommended that several users use the same management function at the same time.

Adding account groups

1.In the Account Groups view, click Add.

2.In the Add New Account Group pop-up window, type an ID for the account group in the ID field and click OK. Note that the account group ID cannot be edited after the account group has been added.

3.Add a name for the account group under Account Group Details.

4.In the Reconciliation account field, add a reconciliation account to the account group. The account selection list includes only accounts that can be used as reconciliation accounts (calculated accounts that are not connected to another account group).

Note! Existing reconciliation entries are not changed if the reconciliation account is removed from the account group.

5.Click Save.

Note! An account group can be deleted only if it is not connected to any accounts.