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Groups help you organize your Accounts
and gain better insights into your
financial data.
Groups
Groups
Bank Account
Investments
Rent
Loan
Credit Card
Transportation
Dividends
Salary
Assets
Liabilities
Expenses
Revenue
Why Groups?
Why do you need Groups?
Receivables 20
Bank Account 30
Materials 45
Rent 12
Loan 50
Payables 26
Transportation 4
Dividends 12
Salary 35
Once you have Accounts and Transactions, you’ll
start to see Balance Values for each account.
But looking at individual accounts alone doesn’t tell you the full story.
For example: How much revenue do you have? What are your total expenses?
This is where Groups come in!
Group Categorization
1 Groups Categorize Accounts
Receivables 20
Bank Account 30
Materials 45
Rent 12
Loan 250
Payables 26
Transportation 4
Dividends 12
Sales 35
Groups sort accounts into meaningful categories
so you can analyze them more easily.
Revenue
Assets
Liabilities
Expenses
Instead of checking each account separately, Groups
sum the total balances of all the accounts inside them.
Now you can easily see the total values for Assets,
Liabilities, Revenue, and Expenses at a glance.
Group Totals
2 Groups Sum Account Balances
Rent 12
Loan 200
Payables 26
Transportation 9
Dividends 12
Sales 35
Revenue 47
Liabilities 226
Expenses 21
Receivables 20
Bank Account 30
Materials 45
Assets 95
3 Groups Give Immediate Insights
Rent 12
Loan 200
Payables 26
Transportation 9
Dividends 12
Sales 35
Revenue 47
Liabilities 226
Expenses 21
Receivables 20
Bank Account 30
Materials 45
Assets 95
With Groups, you can quickly compare financial data and spot trends.
• Liabilities are
more than twice
as much as your
Assets.
• Your Revenue is
higher than
Expenses,
meaning you have
positive cash
flow.
Group Insights
Why Use Groups In Groups?
Rent 12
Loan 200
Payables 26
Transportation 9
Dividends 12
Sales 35
Revenue 47
Liabilities 226
Expenses 21
Receivables 20
Bank Account 30
Materials 45
Assets 95
Once You have Group Balances You Still have Details to figure out
Groups in Groups
For example: How much are my current assets? What is my Equity?
1 Create Hierarchies
Rent 12
Loan 200
Payables 26
Transportation 9
Dividends 12
Sales 35
Revenue 47
Liabilities 226
Expenses 21
Receivables 20
Bank Account 30
Materials 45
Assets 95
Assign Groups to other Groups to create a hierarchical structure for more
insights and deeper analysis.
Group Hierarchy
Non current Assets 45
Current Assets 50
Assets 95
Current Assets 50
Bank Account 30
Receivables 20
Non current Assets 45
Materials 45
Rent 12
Loan 200
Payables 26
Transportation 9
Dividends 12
Sales 35
Revenue 47
Liabilities 226
Expenses 21
Receivables 20
Bank Account 30
Materials 45
Assets 95
Non current Assets 45
Current Assets 50
Groups can combine different Account types to calculate their Total Balance Values
A group that includes
both Assets and
Liabilities tallies the
net financial position
Total Balance Values
2 Combining Different Account Types in Groups
Income 26
An Account can belong
to multiple hierarchies,
but only once per
hierarchy.
Equity (131)
A Group that includes
both Incoming and
Outgoing type
Accounts sums up
your Income
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Groups
Discover how to categorize and organize related accounts using Groups.
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