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Set up grouping schedules

Use grouping schedules to group similar accounts together for tax exports, reports, and financial statements, 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

Select the Groupings
tab.

Choose a grouping schedule from the dropdown or create a new one. We recommend you use the default — Account Classification
— which you can modify.

Code	Description	Subcode	Description
CA	Current Assets	CASH	Cash and Equivalents
CA	Current Assets	MS	Marketable Securities
CA	Current Assets	AR	Accounts Receivable
CA	Current Assets	INV	Inventory
CA	Current Assets	PE	Prepaid Expenses
CA	Current Assets	OCA	Other Current Assets
NPE	Net Property and Equipment	PE	Property and Equipment
NPE	Net Property and Equipment	NON	Non-Depreciable Property and Equipment
NPE	Net Property and Equipment	AD	Accumulated Depreciation
NCA	Non Current Assets	LT	Long Term Investments
NCA	Non Current Assets	IA	Intangible Assets
NCA	Non Current Assets	ONCA	Other Non Current Assets
CL	Current Liabilities	AP	Accounts Payable
CL	Current Liabilities	CUR	Current Portion of Long Term Debt
CL	Current Liabilities	NP	Notes Payable
CL	Current Liabilities	AL	Accrued Liabilities
CL	Current Liabilities	COMP	Compensation
CL	Current Liabilities	INT	Interest Payable
CL	Current Liabilities	TAX	Income Taxes Payable
CL	Current Liabilities	OCL	Other Current Liabilities
LTL	Long Term Liabilities	LTD	Long Term Debt
LTL	Long Term Liabilities	DEF	Deferred Income Taxes
LTL	Long Term Liabilities	OLTL	Other Long Term Liabilities
EQ	Equity	CS	Capital Stock
EQ	Equity	CAPC	Capital Contributions
EQ	Equity	CAPW	Capital Withdrawals
EQ	Equity	APIC	Additional Paid in Capital
EQ	Equity	TS	Treasury Stock
EQ	Equity	PE	Partnership Equity
EQ	Equity	RE	Retained Earnings
EQ	Equity	OE	Other Equity
EQ	Equity	DIV	Dividends
INC	Income	SALE	Sales Revenue
INC	Income	RET	Returns and Allowances
COS	Cost of Sales	COS	Cost of Sales
EXP	Operating Expenses	GEN	General and Administrative Expenses
EXP	Operating Expenses	SE	Selling Expenses
EXP	Operating Expenses	RM	Repairs and Maintenance
EXP	Operating Expenses	DEP	Depreciation Expense
EXP	Operating Expenses	OC	Owners Compensation
EXP	Operating Expenses	OOE	Other Operating Expense
OI	Other Income	Gain	Gain on Sale
OI	Other Income	OI	Other Income
OE	Other Expenses	LOSS	Loss on Sale
OE	Other Expenses	OE	Other Expenses
INT	Interest Expense	INT	Interest Expense
TAX	Provision for Income Taxes	TAX	Provision for Income Taxes
MEMO	Memo	MEMO	Memo
OTH	Other Miscellaneous	-	-

If you want to create a new grouping schedule:

Select the Add
icon.

Enter a name for the grouping schedule.

Select Add
.

Complete the following steps to add codes, subcodes, and assign accounts.

If you want to add codes or subcodes an existing grouping schedule:

If you are adding a subcode, first select the code you want to add the subcode for from the list.

Select Add
.

Choose Code
or Subcode
from the list.

Enter a name for the code.

Enter a description for the code.

Choose a predefined category and detail, if necessary.

Select Save & Close
.

If you want to move, rename, recategorize, or delete a code or subcode from an existing grouping schedule:

Select the code or subcode.

Use the ungroup, arrow, edit and delete icons from the toolbar to make your changes.

If you want to assign accounts to codes or subcodes in an existing grouping schedule:

Select 1 (or more if you press and hold Ctrl on your keyboard) ungrouped account.

Select the code or subcode you want to group the account to.

Select Group
.

note

Each code can have an unlimited number of subcodes.

You can select from a list of pre-defined tax grouping schedules unique to each tax entity. You can assign an ungrouped account to a specific tax form and line number in the Grouped Accounts
list.

When accounts are grouped to revenue and expense codes or subcodes in the Account Classification grouping schedule, the application calculates the net income and displays the balance in the Net Income
row of the trial balance. Currently, the application calculates net income for only the Account Classification
grouping schedule.

When accounts are grouped to a code or subcode, you can edit that account from this screen.

This article applies to:

PRODUCT: Onvio
Subject: Trial balance
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Set up grouping schedules

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