Balance sheet groups
Balance groups organize inventory accounts into an understandable asset and capital structure.
Balance groups
Balance groups organize inventory accounts into an understandable asset and capital structure.
Why this point is crucial for key users
The balance sheet condenses thousands of postings into a picture of the economic situation. Key users determine how clear this image is for readers.
Fields and settings at a glance
- Name: Name of the balance sheet item or group.
- Level: Depth within the balance sheet hierarchy.
- Parents: Parent position of the group.
- Sorting order: Order in the report display.
How to prepare for the process safely
- Adopt or define the technical balance sheet structure.
- Create groups from top to bottom.
- Assign inventory accounts.
- Generate a trial balance and compare each principal sum.
Check before sharing
- Assets and liabilities are fully structured.
- Hierarchy and sorting correspond to the desired representation.
- Samples can be tracked to the balance sheet account and posting.
What your team gets out of it
Assets and financing are not only presented correctly, but are also presented in an understandable way straight away.
Related topics
- For key users – understand and prepare processes › Finance › Preparation of financial reports › Account classes
- For key users – understand and prepare processes › Finance › Preparation of financial reports › P&L groups
Frequently asked questions
Why is balance groups important for key users?
The balance sheet condenses thousands of postings into a picture of the economic situation. Key users determine how clear this image is for readers.
What needs to be checked before release?
Assets and liabilities are fully structured. Hierarchy and sorting correspond to the desired representation. Samples can be tracked to the general ledger account and posting.