Are we required to use Account Groups for Project Accounting? Since only one Account Group can be assigned to a GL Account, we’re finding that it’s requiring another level of detail on projects that we’re not really wanting. Trying to determine if we can stop using Account Groups.
Answer
Accounts Groups
Best answer by meganfriesen37
Yes. You have to use account groups in Project Accounting.
Each GL account can only have one Account Group assigned. But each Account Group can have multiple GL accounts in in. You cannot post transactions to a project unless the GL account has an account group assigned to it.
Account groups are also required to select transactions for allocation rules and billing rules.
More information on Account Groups available on the Help documentation from Acumatica.
+12Yes. You have to use account groups in Project Accounting.
Each GL account can only have one Account Group assigned. But each Account Group can have multiple GL accounts in in. You cannot post transactions to a project unless the GL account has an account group assigned to it.
Account groups are also required to select transactions for allocation rules and billing rules.
More information on Account Groups available on the Help documentation from Acumatica.
Megan Friesen, Contego Software Solutions, Canada
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