Overview of 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 of 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.

• A predefined 'Groups' list already created in the software will be displayed.

Note - 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 the purchases of the material has been made.

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.

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

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

j. Expenses (Indirect) (Admin. Expenses): Under Expenses (Indirect) (Admin. Expenses), the user will create ledgers for the money spent on admin expenses like refreshment expenses or office expenses.

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

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

• Group code: The user will enter any code of the Group as per the requirement.
• Suppose mention ‘001’.

• New Group: The user will mention the group name as per the requirement.
• Suppose enter ‘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 operators then select 'Yes' otherwise keep it as 'No'.
• Suppose select 'No'.

• Press 'Enter' key and then click on 'Accept' button.

After following the above steps, the user can view that New Subgroup has been created in Marg ERP Software.

Process to Modify New Group or Subgroup in Marg ERP Software

• Go to Masters > Account Groups > Modify Group.

• The user will select the Account Group that needs to be modified.
• Suppose the user wants to modify the subgroup that was created under bank account that is ‘ICICI Bank’ and press 'Enter' key.

• The user will make the Changes as per the requirement.
• Suppose the user wants to change the group name from ‘ICICI Bank’ to ‘ICICI Bank Ltd.’.

• Press 'Ctrl+W' key.

Process to Delete New Group or Subgroup in Marg ERP Software

• Go to Masters > Accounts Group > Delete Group.

•  Press 'Enter' Key on the account group or subgroup that needs to be deleted.
• Suppose, the user wants to delete ‘ICICI Bank’.

• Click on 'Yes' button.

After following the above steps, the user can manage Account Groups and Subgroups in Marg ERP Software.