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PetroleumRx > Uncategorized  > G/L Business Groups – Exclude option

G/L Business Groups – Exclude option

Business Groups are a means of creating an Income Statement from a sum of sectors (divisions).  They are used when the natural roll-up to consolidated doesn’t produce what’s needed.  One normally builds a group by listing the sectors to add: perhaps 1-05, plus 2-05 and 2-06 comprise “C-Stores”.  We recently accommodated a need to create financials for pretty much the whole company, but with a few sectors excluded.

So there is now an option when defining the Business Group for Mode, whether the list of sectors is what we sum, or what we exclude.  With the Exclude mode option, one could design an Income Statement to show, for example, what Consolidated would look like if the C-Stores were excluded.