Account Group Management

OBJECTIVE

The Account Group Management option is used to determine the groups used for the presentation of financial statements and to group accounts. The groups are then associated with the general ledger accounts.

The groups are displayed as follows: The category followed by the code defined. For example, asset group 01 is presented as A01. We recommend creating no more than five groups (Asset, Liability, Expenses, Revenue and Equity) and to focus on creating accounts in the chart of accounts, which lets you take full advantage of maestro*. Afterwards, you can make changes or create new groups to fine tune the financial statements.

 

Steps

maestro* > Accounting > Maintenance > Accounting > Account Group Management (Web)

 

Creating a Group

1. Enter the required information in the Main Fields tab:

Field	Description
Group Type	Used to specify the category to which the group belongs. NOTES: There are five categories: A-Assets, P-Liabilities, R-Revenue, D-Expenses and C-Equity. The Asset, Liability and Equity groups are included in the balance sheet, whereas the Revenue and Expenses groups are included in the income statement. You can select a category using the drop-down menu to display the various categories or you can press the first letter of the category.
Group Code*	Code for the group. NOTE: You can create 99 codes by category using the numerical method (for example, 01-99). You can also use other codes (for example, A0-A9, B0-B9, Z0-Z9 or AA to ZZ).
Description*	English description that identifies the group. For example: Cash, accounts receivable, depreciation, etc.
French Description	French description that identifies the group.

2. Click Save.

 

See Also

• For more information on baseline web controls, access the help pages in the List of Documents - Baseline Web Controls
• For more information regarding the classic version of this maestro* option, refer to the help page Account Groups

 

Last modification: September 02, 2026