What is account group in SAP EC-PCA - Profit Center Accounting?

SAP Term: account group

• Component: EC-PCA

• Component Name: Profit Center Accounting

• Description: A hierarchical structure containing any number of accounts from one chart of accounts. Account groups can be used in the information system, allocations, and various planning functions. An account group that is the end node of a hierarchy can contain any number of accounts that belong to the chart of account. These can be pure G/L accounts from Financial Accounting or primary or secondary cost or revenue elements from Controlling. Groups that are not end nodes of the hierarchy can contain only other nodes, not individual accounts.

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• Key Concepts: 
  Account groups are used in SAP EC-PCA Profit Center Accounting to classify accounts according to their purpose. They are used to group accounts that have similar characteristics, such as cost centers, revenue centers, and profit centers. Account groups are also used to assign specific characteristics to accounts, such as the currency in which they are maintained or the type of account (e.g., asset or liability). 
  
  How to use it: 
  Account groups can be used to create a structure for the accounts in SAP EC-PCA Profit Center Accounting. This structure can be used to quickly identify and access the accounts that are relevant for a particular task. For example, an account group can be created for cost centers, which can then be used to quickly access all of the cost center accounts in the system. 
  
  Tips & Tricks: 
  When creating an account group, it is important to consider how it will be used and what characteristics should be assigned to it. For example, if an account group is being created for cost centers, it may be useful to assign a currency or a type of account (e.g., asset or liability) to the account group. This will make it easier to quickly identify and access the relevant accounts. 
  
  Related Information: 
  For more information on account groups in SAP EC-PCA Profit Center Accounting, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/EC-PCA/7.5/en-US?q=account%20group&scope=CORE&language=en-US