Overview
The Parent–Child Hierarchy in a Group Reporting Template (GRT) allows you to organise general ledger (GL) accounts into a structured reporting hierarchy.
Using parent and child relationships helps create a logical reporting structure for consolidated financial statements. Parent accounts act as headings or summary categories, while child accounts represent the detailed accounts that roll up into those headings.
This approach provides greater flexibility when designing your group's Profit & Loss and Balance Sheet reports.
Step 1: Access Group Reporting Templates
Navigate to Group Financial Reporting.
Select Group Reporting Templates.
Open an existing GRT or click Add GRT to create a new template.
Step 2: Open the Template Setup Screen
Create or select the Group Reporting Template that you want to configure.
The template setup screen displays the reporting structure for the selected financial statement.
Step 3: Create a Parent Account
A parent account serves as a reporting category that groups related child accounts.
To create a parent account:
Click Add GL Code.
Enter the required GL Code.
Enter the GL Account Name.
Save the new account.
The parent account is added to the reporting structure.
Step 4: Create Child Accounts
Child accounts represent the detailed reporting lines that roll up into the parent account.
To create a child account:
Select the parent account.
Click Add Child.
Enter the required GL Code.
Enter the GL Account Name.
Save the changes.
Repeat this process for each child account that belongs under the selected parent.
Step 5: Build the Reporting Hierarchy
Continue adding parent and child accounts until your reporting structure reflects your group's reporting requirements.
You can organise accounts into multiple hierarchy levels where required.
For example:
Revenue
Product Revenue
Service Revenue
Subscription Revenue
Operating Expenses
Salaries
Marketing
Office Expenses
This hierarchy determines how accounts are grouped and presented in consolidated financial reports.
Step 6: Edit the Hierarchy
At any time, you can modify the reporting structure by:
Renaming GL codes.
Renaming account descriptions.
Adding new parent accounts.
Adding additional child accounts.
Deleting accounts that are no longer required.
These changes allow you to tailor the reporting structure to your organisation's requirements.
Step 7: Save the Template
After completing the hierarchy:
Review the reporting structure.
Click Update or Save to apply your changes.
The updated Parent–Child Hierarchy becomes part of the Group Reporting Template.
After creating the Parent–Child Hierarchy, proceed to Account Mapping to map each entity's Chart of Accounts to the appropriate GRT accounts before generating consolidated financial reports.
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