Account Categories are used to group journal entries.
Asset and Liability Categories are used to group journal entries associated with the Balance Sheet.
Revenue and Expense Categories are used to group journal entries associated with the Income Statement.
Account Categories are system defined or user defined.
System-defined categories are considered seed information in the IDI platform. Categories needed to be able to configure and operate the general ledger system. They cannot be edited.
User-defined categories can be created so that you can track user-entered journal entries under different categories.
Accessing GL Account Categories
From the Application menu, select Backoffice Management > General Ledger > Accounts > Account Categories.
To Add or Edit an Account Category:
From the General Ledger Account Categories form, right-click and select Add.
OR
Select Edit to modify an existing account.
Enter the category name and description and click Save.
To delete an Account Category:
Right-click on a row and select Delete.