Using account hierarchies for reporting
Starting 1.4.17 account hierarchies - which were part of LedgerSMB for a looong time already - will now be used for financial reporting: balance sheet and income statement. In addition to grouping accounts into the subgroups defined by the hierarchy, amounts are aggregated up the tree as well. This article demonstrates how to use this feature. Scroll all the way to the end to see what happens if you don't want to update your configuration (yet).
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