Finance Auto Grouping on Negative Ledger Balance

With this update, Ledger account Group will be switched to Negative Balance Group when ledger has (-) balance.

Consider the example displayed below, wherein itaaaakash ledger has a negative balance under Sundry Creditors.

Step 1.

Go to Finance Management >>> Account Groups and select the Group Name as follows:

Step 2.

Select Group Head as per Ledger Group Name e.g. for Group Name "Sundry Creditors", the Group Head to be selected is Liabilities.

Step 3.

After Group Head Selection , need to select Negative Balance Group. This will be the new group once Ledger will have Negative Balance. Approve it.

Ledger will be shifted to the new Group in Balance Sheet as mentioned above.