Account Categories and Account Subcategories on Chart of Accounts NAV2017

Hi All,

New fields have been added on chart of accounts for categorization of Accounts.

To start with we will discuss G/L Account Category

NAV 2017 comes with five predefined Account Category.

You can add new Subcategories from G/L Account Category Page. Basically Account Subcategories are grouping under Account categories.

You can use Generate Account Schedules that will update predefined financial reports such as Balance Sheet, P&L, etc. ( through Account Schedules).




On Chart of Accounts you can see Account Category field with five predefined values

Account Category : 



Account Subcategory :

It's a variable on G/L Account Card.

It's value is picked from G/L Account Category based on the Account category selected.



Benefits of using Account Categories :

• Various Financial Reports (Balance Sheets, P&L, etc.) are readily available from Account Categories.
• We can group the G/L Accounts into Categories for better user understanding.
• We can see balances as per Categories and Subcategories.
• We can use the Categories for developing various kinds of Analysis reporting.

Thanks & Regards,
Nandesh Gowda