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Grouping schedules enable you to group similar accounts together for reports and financial statements — available in a future release — and to calculate net income in the trial balance. You can add or modify an unlimited number of grouping schedules for your project.

Open your project and click the Groupings tab.

• We recommend that you use the default grouping schedule, Account Classification, which you can modify or rename. If necessary, you can add new grouping schedules.

  Code	Description	Subcode 1	Description	Subcode 2	Description
  1	Assets	1.1	Current Assets	1.1.1	Cash and Equivalents
  				1.1.2	Short Term Investments
  				1.1.3	Accounts Receivable
  				1.1.4	Inventory
  				1.1.5	Other Credits
  				1.1.6	Other Current Assets
  		1.2	Non Current Assets	1.2.1	Accounts Receivable
  				1.2.2	Other Credits
  				1.2.3	Inventory
  				1.2.4	Fixed Assets
  				1.2.5	Long Term Investments
  				1.2.6	Intangible Assets
  				1.2.7	Other Non Current Assets
  2	Liabilities	2.1	Current Liabilities	2.1.1	Accounts Payable
  				1.2.2	Other Credits
  				1.2.3	Inventory
  				1.2.4	Fixed Assets
  				1.2.5	Long Term Investments
  				1.2.6	Intangible Assets
  				1.2.7	Other Non Current Assets
  2	Liabilities	2.1	Current Liabilities	2.1.1	Accounts Payable
  				2.1.2	Employer Payroll/Taxes
  				2.1.3	Tax Payable
  				2.1.4	Finance Liabilities
  				2.1.5	Other Current Liabilities
  				2.1.6	Accrued Liabilities
  				2.1.7	Dividends
  		2.2	Long Term Liabilities	2.2.1	Accounts Payable
  				2.2.2	Employer Payroll/Taxes
  				2.2.3	Tax Payable
  				2.2.4	Finance Liabilities
  				2.2.5	Other Current Liabilities
  				2.2.6	Accrued Liabilities
  3	Net Worth	3.1	Equity	3.1.1	Capital Stock
  				3.1.2	Capital Contribution
  				3.1.3	Dividend Share
  				3.1.4	Capital Surplus
  				3.1.5	Capital Stock Adjustment
  		3.2	Reserves	3.2.1	Legal Reserve
  				3.2.2	Optional Reserve
  				3.2.3	Statutory Reserve
  				3.2.4	Legal Reserve Adjustment
  		3.3	Retained Earnings	3.3.1	Retained Earnings
  				3.3.2	Retained Earnings Adjustment (Loss)
  				3.3.3	Retained Earnings Adjustment (Gain)
  4	Profit and Loss	4.1	Operating Income	4.1.1	Sales Revenue
  				4.1.2	Interest and Finance Income
  				4.1.3	Inventory Revaluation (VNR)(Loss)
  				4.1.4	Other Income
  				4.1.5	Other Investment Income
  		4.2	Operating Expenses	4.2.1	Inventory Revaluation (VNR)(Loss)
  				4.2.2	General and Administrative Expenses
  				4.2.3	Selling Expenses
  				4.2.4	Other Operating Costs
  				4.2.5	Interest and Finance Expense
  				4.2.6	Other Finance Expense
  				4.2.7	Income Tax
  				4.2.8	Other Operating Expenses
  				4.2.9	Cost of Sales
  		4.3	Other Income	4.3.1	Gain on Sale of Assets
  				4.3.2	Other Income
  		4.4	Other Expenses	4.4.1	Loss on Sale of Assets
  				4.4.2	Fixed Assets Adjustment
  				4.4.3	Other Expenses

• Each grouping schedule is comprised of a set of codes or subcodes. You can add, edit, or delete codes and subcodes. To add a new code, click Add and select Code. In the Add Code panel, enter a name for the code, add a description, and then select a category and a detail.
  There are 9 predefined categories available in the application.

  Current Assets

  Non Current Assets

  Accounts Payable

  Long Term Liabilities

  Owner's Equity

  Reserves

  Retained Earnings

  Operating Income

  Operating Expenses

• You can modify each grouping schedule by assigning accounts to codes or subcodes. Select one or more ungrouped accounts, select a code or subcode, and then click Group.

Trial Balance overview

Import and export account information