Specifies the purpose of the account. Newly created accounts are automatically assigned the Posting account type, but you can change this. Choose the field to select one of the following five options:

Account Type	Function
Posting	Posting.
Heading	A heading for a group of accounts.
Total	Total is used when you want the program to total a series of balances on accounts that do not immediately precede the Total account. You use Total when accounts from many different account groupings should be totaled. If you use the Total type, the Totaling field must not be left blank.
Begin-Total	A marker for the beginning of a series of accounts to be totaled that ends with an End-Total account.
End-Total	A total of a series of accounts that starts with the preceding Begin-Total account. The total is defined in the Totaling field.

Begin-Total and End-Total are used together to group accounts, for example:

No.	Name	Account Type
1000	Sales	Begin-Total
1100	Sales, Norway	Posting
1200	Sales, Germany	Posting
1300	Sales, Belgium	Posting
1400	Total Sales	End-Total

When you click Actions, point to Functions, and then click Indent Chart of Accounts, the accounts between Begin-Total and End-Total are automatically indented one space. At the same time, the Totaling field for the account of the End-Total type is filled in based on the accounts in the group. In the example above, the sales from Norway, Germany and Belgium would be added up and the result displayed in the balance field for the Total Sales account.

It is advantageous to let the Indent function fill in the Totaling field for End-Total accounts instead of adding the numbers yourself.

See Also

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