Grouping accounts into meaningful entities, such as Assets, Receivables, Payables, etc., is essential for shaping a comprehensible chart of accounts that facilitates reporting and financial analysis.

In the example above you can see how Groups in a hierarchy are a powerful tool to organize accounts into meaningful categories, as they aggregate the balance values of all the debits and credits of the grouped accounts. Well-organized groups, as shown in the example above, allow you to represent Assets = Liabilities + Owner's Equity in a blink of an eye.

The following section of this guide provides an overview of the various methods available to manage groups in Bkper. You learn the basics to create a group, add an account to a group and lastly how to add a group to a hierarchy.

3. Give a name to the new group and press Save

4. You have created a new group.

On the Chart of Account Page

1 Select the account that you want to add to the group

2 Press the red Groups button

3 Select the Group you want to apply to this account

4 Press Apply

5 The account is no part of this Group

Create a Group Current Assets (just as the first group)

1 Press the triple dots on the first group to add it to a group hierarchy

2 Press edit in the menu

3 In the pop up window select the Parent group

4 Press Save

6 The Group is now part of the Hierarchy

A Group has no debit or credit characteristics, instead it inherits these characteristics from the accounts it is grouping.

A group with Asset type accounts inherits the characteristics of Asset type accounts.

A group with Liability type accounts inherits the characteristics of Liability type accounts

A group with both Asset and Liability account types is Gray with the balance value of the debits and credits of all accounts grouped.

A group with Incoming type accounts inherits the characteristics of Asset type accounts.

A group with Outgoing type accounts inherits the characteristics of Liability type accounts

A group with both Incoming and Outgoing account types is Gray with the balance value of the debits and credits of all accounts grouped.

You can use groups to gather specific accounts that you do not necessary want to show on the Balance Sheet or Income Statement of your book. In that case you can decide to hide a group.

1 Press the triple dots on the group that you want to hide

2 Press Hide in the menu

You can find hidden groups on the Chart of Accounts where you can make the show up again on the Balance Sheet or Income Statement.

1 Go to the Chart of Accounts.

2 Press the triple dots on the group that you want to show.

3 Press Show in the menu.