Overview/Introduction to Account Groups in Marg ERP Software

Process of Creation of New Account Groups in Marg ERP Software

Process to Modify New Group or Subgroup in Marg ERP Software

Process to Delete New Group or Subgroup in Marg ERP Software

OVERVIEW/INTRODUCTION TO ACCOUNT GROUPS IN MARG ERP SOFTWARE

• An Account Group is a broad level categorization under which similar types of accounts are grouped under one head. Grouping of accounts helps in determining efficient compliant reports.

• Basically, Account Group is used to Create/Modify/Delete the Account Group. Account Group refers to the accounts like expenses, Bank details, cash details, etc.

• Account Group displays the total number of the Account Groups along with their sub-groups which are being created in the Marg ERP Software.

PROCESS OF CREATION OF NEW ACCOUNT GROUPS IN MARG ERP SOFTWARE

• Firstly, Go to Masters > Account Groups > New Group. Press Enter.

• A predefined “Groups” list already created in the software will be displayed:

If the user wants to create any ledger to whom the sale is being made i.e. customers so the account sub-group will be created under Sundry Debtors.

• A. Sundry Debtors: Under Sundry Debtors group, the user would create ledgers of the customers.

• B. Sundry Debtors (Field Staff): If the user has a marketing Representative and gets commission, then it will be mentioned here.

• C. Sundry Creditors: Under Sundry Creditors group, the user would create ledgers of the ones from whom he purchases the material.

• D. Sundry Creditors (Expenses Payable): Under Sundry Creditors (Expenses Payable), the user would create ledgers of the expenditure that is being incurred.

• E. Sundry Creditors (Field staff):Under Sundry Creditors (Field Staff), the user would create ledgers of the ones to whom commission is being paid.

• F. Sundry Creditors (Manufacturers A/C): Under Sundry Creditors (Field Staff), the user would create ledgers of the manufacturers to whom it is being paid.

• G. Sundry Creditors (Suppliers): Under Sundry Creditors (Suppliers), the user would create the ledger of suppliers.

• F. Expenditure Account: Under Expenditure Account, the user would create ledgers of the expenditure incurred.

• G.Expenses (Direct) (Mfg./Trdg. Expenses): Under Expenses (Direct) (Mfg./Trdg. Expenses), the user would create ledgers which directly affect his manufacturing or trading expenses.

• H. Expenses (Indirect) (Admin. Expenses): Under Expenses (Indirect) (Admin. Expenses), the user would create ledgers if he spends on admin like refreshment expense or office expenses.

• I. Income (Direct): Under Income (Direct), the user would create ledgers of the income directly earned by way of business activities.

• J. Income (Indirect): Under Income (Indirect), the user would create ledgers of the income earned by the way of non-business activities. 

Creating Sub Group or New Groups under Account Group in marg erp

• Press enter on the predefined group under which user wants to create subgroup. Suppose, the user wants to create a new subgroup under ‘Bank Account’.

• A New account group window will be displayed.

• Group code: If the user wants to mention any code, Suppose, mention ‘001’.

• New Group - The user will mention the group name here. Suppose, ‘ICICI Bank’.

• Under Group- The software will pick this field automatically as now here, user is creating this new group under bank accounts group.

• Prohibited - If the user wants to hide this new group or sub group from his users then select yes or no accordingly.Suppose, select "No".

• Press Enter then click on accept.

• Now, ICICI bank subgroup has been created.

• Press escape key to come back on the main window.

PROCESS TO MODIFY NEW GROUP OR SUBGROUP IN MARG ERP SOFTWARE

• Go to Masters > Account Groups > Modify Group.

• Account group window will be displayed on the screen.

• Suppose the user wants to modify the new subgroup that was created under bank account subgroup i.e. ‘ICICI Bank’. Now, press enter.

• A Modify window will be displayed.

• Suppose, the user wants to change the group name, enter on Group name from ‘ICICI Bank’ to ‘ICICI Bank Ltd.’.

• Here, the user can change any field accordingly.

• Press enter. Enter on accept.

PROCESS TO DELETE NEW GROUP OR SUBGROUP IN MARG ERP SOFTWARE

• Go to Masters > Accounts Group > Delete Group.

• An Account group window will be displayed.

• Press enter on the account group or subgroup that needs to be deleted. Suppose, the user wants to delete ‘ICICI Bank Ltd’. Press enter again.

• A new window of 'Are you sure' will appear. Select ‘Yes’ to delete.

‘ICICI Bank Ltd’ has been deleted.