Creating an Account Group

Account groups are used to group similar accounts under a single category, helping organize the chart of accounts. Envoici comes with several default account groups such as Bank Accounts, Cash Accounts, Capital, Secured Loans, Current Liability, Fixed Asset, Customers (Debtors), Vendors (Creditors), and more.

Steps to Create an Account Group #

1. Navigate to Chart of Accounts: Go to Accounting > Chart of Accounts.
2. Click on Account Groups, then click + New Account Group.

Enter Account Group Details

1. Name: Enter the name of the account group.
2. Parent Account Group: Select the parent account group, such as Income, Expense, Asset, or Liabilities.
3. Description: Add any relevant description for the account group.

Once all details are entered, click Save to create the account group.