GL Accounts can have a specified Parent Account, which would effectively make them a Child Account. Parent Accounts allow Users to group accounts under one main summary account for subtotal and visual grouping on Financial Reports. To assign a Parent Account to a GL Account, select the Account Name of the desired Parent Account on the GL Account record.
A Parent Account can have multiple Child Accounts. Restaurant365 will support up to four levels of Parent/Child Accounts. For example:
1) Labor
2) --> Hourly Labor
3) --> --> BOH
4) --> --> --> Kitchen
Child Accounts will be indented from their Parent Accounts on Financial Reports, and then totaled under all of the Child (sub) Accounts, as shown in this example:
