Enhanced interface

Account group types

When you create a new account group, you also indicate what type of account group you want it to be. Different account group types yield different results in your financial reports.

Types of account groups

Accounts

These are the simplest and most basic type of account groups. They consist of 1 or more GL accounts from your chart of accounts. You can include individual named accounts or ranges of accounts.

Account

Account Group

Financial Report

For example, you might create a Cash and Cash Equivalents account group that contains various bank and investment accounts.

Account groups

A "group of account groups" contains other account groups, thus forming a hierarchy. You can have groups within groups within groups, and so on, to any level of depth.

For example, the Assets account group might consist of 4 discrete account groups: Current Assets, Fixed Assets, Intangible Assets, and Other Assets. Each account group can contain additional subgroups.

A balance sheet example in US dollars for four account groups: Current Assets, Fixed Assets, Intangible Assets and Other Assets.

In the example, some account groups (such as Fixed Assets and Intangible Assets) are collapsed to show only a summary amount, while Cash and Cash Equivalents is expanded to show individual accounts. When a report is viewed on the page, you can use the expand/collapse arrows to control the level of detail.

Statistical Accounts

Statistical account groups include accounts that contain specific nonfinancial data, such as headcount, hospital beds, square footage, or hotel rooms. Using statistical account groups, you can calculate against and report on data to get a virtually unlimited variety of ratios and business metrics, such as average deal size or revenue per hotel room.

Category or Statistical Category

These apply if you used a setup template when you first created your company in Intacct. If so, the system automatically assigns pre-configured account groups to each of the accounts in your chart of accounts; those account groups, in turn, are used in pre-designed standard financial reports and graphs. Creating new categories isn't supported.

As you create new accounts, you tag each new account with a category, which automatically “enrolls” that account into the relevant account groups.

Account

Computation

Computation account groups consist of other account groups or individual accounts that you use as components in a mathematical equation; results of the equation display in your financial report. For example, "Revenue Per Employee" could be constructed as "Revenue GL account / Employees statistical account." Similarly, you could construct an account group as "Revenue."

Computation account group is the only type of account group that allows setting the number of decimal places. Any computation account group includes this option.

A commonly used computation-type account group might be to show an operating margin using the formula Operating net income / Net sales. Define the number of decimal places and type, and optionally include the unit used, for example number or percent.
To use more than the default 2 decimal places without affecting the actual numbers, create a computation account group that:
- includes only 1 account group
- has a computation formula as Constant, and that constant is set to 1
- has an action to multiply (x) the selected account group
- has Decimal places set to the number of decimal places to display when no rounding is applied. The minimum is 0 and the maximum is 9.

You can then use that group as part of other groups, as a standalone group, or in performance cards on dashboards.

You cannot drill into calculated values derived from system-generated computation columns, custom computation columns, and computation account groups.