Parent Accounts and Child Accounts

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: