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What is the intended usage for "Account Tags" and "Account Groups"?

I am looking for an option that will allow me to simulate "Tax Line Mapping" that is offered in the USA version of QuickBooks. Tax line mapping greatly reduces the amount of time it takes in tax preparation.  

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Account Groups used to hierarchy your accounts. If you remeber in odoo previous versions we have facility to hierarchy account but from new accounting this feature removed and replaced by groups. Your report will be printed based on account groups.


Account Tags : You can use it in your custom reporting.

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