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ACCOUNT GROUP

Former Member
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good morning experts:_

one of the client interviewer asking the question " what is the account group" i say " account group is classified according the type of the accounts in co code, and control the status of fields in segment of the master records.and number ranges, HE say i am expected different answer from u, so IN REAL TIME HAVE ANY RELATED ANSWER. PLZ HELP FOR THIS ONE.

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Answers (3)

Answers (3)

Former Member
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Hello

Account groups predominantly are created for GL accounts / Customers / Vendors.

For GL accounts, the account groups can be Material accounts, revenue accounts, expense accounts, asset accounts, cash and bank accounts and so on.

For customers, it can be sold to party, export customers, local customers, one time customers and so on.

For vendors, it can be local, export, one time and so on.

Each account group has a unique number range, screen layout and characterstics.

This configuration is very important as the balances represent the desired layout in FSV.

Reg

*assign points if useful

Former Member
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Hi,

Accounts groups created based on client Financiat Statements, these are used for creating the FSV. The main purpose of Account group is Controling the field status, According to client MIS reports we make required, suppress, optinal entries here.

Sunitha.

durgasankar_innamuri
Active Contributor
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Hi,

As per my knowledge i am saying Account groups are created at client requirement. Maintaining of field status is the one of the customization part. and this is same for all. When it is realtime the should be client requirement. and basing on this MIS report and FSV will be prepared like that your answer should be.

Hope this is clear, if yes assign points

Regards,

Sankar