Maintaining Financial Groups
You can maintain the financial groups that users assign to items when setting up frames and other products. You can assign one financial group to each item. When adding financial groups, you should create categories as specific or as broad as you need for reporting and general ledger use. For example, if an item falls into the consignment and sunglass categories, you can create a financial group called Consignment Sunglass.
- You cannot delete a financial group or edit the item type associated with it after you create it. You can deactivate financial groups that you do not want available for the configured item type.
- For multitenant environments, the following setup can be performed only by administrators of the parent company and is required only for the parent company. The parent company setup applies to all companies.
To maintain financial groups
- In AcuityLogic Admin, click Master Data Admin and select Item Categories.
The Item Categories window opens.
- Click the Financial Group link.
The Financial Group window opens.
- Do one of the following:
- To add a new financial group, click Add New Record.
To modify a financial group, click Edit in the financial group's row.
- (New groups only) Select an item type for the financial group in the Item Type drop-down list. After you add a new financial group, you cannot change the group's item type.
- Type a description for the financial group in the Description field.
- Select the Active check box to make the financial group active.When you assign financial groups to items, only active financial groups set up for the item type appear in the Financial Group drop-down list in the item setup window.
- Do one of the following:
- Click Insert to add a new item.
Click Update to modify an existing item.