Revised 10/13/2025
G/L Account Categories
G/L Account Categories are a subcategory under one of the primary account categories: Assets, Liabilities, Equity, Income, Expense. G/L Account Categories can be used to generate report definitions in a way that is easier to maintain than specifying specific G/L Account codes.
Setting up G/L Account Categories
1. To view/modify G/L Account Categories, navigate to Finance, then G/L Account Categories.
2. Choose Edit List to make changes
3. Description values can be modified directly by typing in the field. To take other actions such as inserting a new row, indenting/outdenting options, or re-ordering the categories, use the buttons in the command bar.
Assign G/L Account Categories to G/L Accounts
G/L Accounts can be assigned to G/L Account Categories from the list of categories by typing in the G/L Account or selecting from the list of G/L Accounts.
Note: A G/L Account can only be assigned to a single subcategory. Assigning an account to a second subcategory will remove it from the previously assigned subcategory
G/L Account Categories can also be assigned on the G/L Account card, or in the Account record in akoyaGO CRM.
Standard Financial Reports
Business Central provides four standard templates in financial reports. The name on these templates begin with “M”:
- M-BALANCE - Balance Sheet
- M-CASHFLOW - Cash Flow Statement
- M-INCOME - Income Statement
- M-RETAIND - Retained Earnings
Like other financial reports, these templates must be configured for your unique Chart of Accounts. This can be done manually, or automatically based on G/L Account Categories.
To generate layouts for the standard financial reports based on G/L Account Categories, select Generate Financial Reports
Select whether to create new versions of the report (keep existing financial reports) or overwrite the existing financial reports.