Reference Groups

Reference Groups organize Posting References (for example, grouping "Staff Costs," "Training," and "Recruitment" under "Employee Expenses") to summarize financial information within Cost Centres for reporting and analysis. Customize how transactions are grouped by changing which Reference Group a Posting Reference belongs to—for instance, move "Office Supplies" from "General Costs" to "Operational Expenses" to match your reporting structure. When generating financial reports, the system aggregates all Posting References within each Reference Group, enabling you to analyse spending patterns at a higher level (for example, total Employee Expenses across all departments) while maintaining detailed transaction records. This supports budget reviews, variance analysis, and financial planning by presenting data in meaningful categories aligned with your organizational structure.