In this lesson, we are going to discuss the following topics:

1. Linkage of grouping to the respective schedules
2. Grouping account to desired categories
3. Wrong grouping and regrouping function
4. Create new expenses item

Linkage of grouping to the respective schedules

Sch types – lead schedule

Report type – Income statement/balance sheet

Management account – detail income statement/financial instrument

Note line item – Note to financial statement

Grouping of account to desired categories

1. Navigate to menu Grouping>Group TB to reporting item
2. Assign each of the trial balance item to their respective categories.
3. Click OK to save single item, while click Next 20 to save multiple item at once.

Wrong grouping and regrouping function

1. Navigate to menu Grouping>View Grouped Item
2. Tick on the checkbox for those transaction with wrong category
3. Scroll down the page and click Delete Records
4. Revert back to the menu Group TB to reporting item for reassignment

Create new expenses item

1. Lets say there is an expenses item called special expenses which cant find any suitable description to perform grouping.
2. To create the new item, navigate to menu Grouping> Create management account item
3. Click on Add record
4. Enter the following information:
    
   Reporting code: Administrative Expenses
   Report item description: Special expenses
    
5. Click on Add new record to save the new description for expenses.
6. Now the description is available for grouping at the page Grouping>Group TB to reporting item