Account groups are maintained to enable efficient tracing of the transactions in the system. You can create account groups for parts, customers and suppliers. Parts, customers and suppliers of similar functionalities are grouped under a single account group. The financial transactions and the movement of the part/customer/supplier within and outside the system are managed under the corresponding account group to which they are mapped.
Getting familiar with the activities
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For… |
Maintain Part Account Group |
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Associated Parts to Account Group |
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View Part Account Group |
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Maintain Supplier Account Group |
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Associated Suppliers to Account Group |
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View Supplier Account Group |
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Set Options |
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Set Posting Finance Books |
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Maintain Customer Account Group |
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Associated Customers |
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View Customers Account Group |
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Maintain Overhead Rates for Labor Costing |
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Maintain Overhead Rates for Material Costing |
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Maintain Employee Rate Information |