Account Type Behavior

Table 7 describes how account types behave in the system. For example, ASSET accounts do not total across periods, while a REVENUE account provides a year to date total. If you debit an ASSET account, the value that you enter is added to the account. If you credit an ASSET account, the value that you enter is subtracted from the account. All account types, except for GROUPLABEL, contain data.

Table 7. Account Type Behaviors

Type	YTD Total	Debit	Credit	Default Translation
ASSET	No	Add	Sub	DefaultRateForBalance Accounts
LIABILITY	No	Sub	Add	DefaultRateForBalance Accounts
REVENUE	Yes	Sub	Add	DefaultRateForFlow Accounts
EXPENSE	Yes	Add	Sub	DefaultRateForFlow Accounts
FLOW	Yes	Add	Sub	None
BALANCE	No	Add	Sub	None
BALANCE RECURRING	No	Add	Sub	None
CURRENCYRATE	No	N/A	N/A	N/A
GROUPLABEL	N/A	N/A	N/A	N/A
DYNAMIC	N/A	N/A	N/A	N/A

Table 13 indicates how an account type behaves when totaled into a specific type of parent account. For example, when aggregated, ASSET account values are added into parent ASSET and EXPENSE accounts and subtracted from parent LIABILITY and REVENUE accounts.

Note:

The account types across the top of the table are identified by the first one or two letters of the account type.

Table 8. Account Type Behaviors During Aggregation into Parent Accounts

	Parent Account
Account Type	A	L	R	E	F	B	BR	C	G	D
ASSET	Add	Sub	Sub	Add	Add	Add	Add	No	No	No
LIABILITY	Sub	Add	Add	Sub	Add	Add	Add	No	No	No
REVENUE	Sub	Add	Add	Sub	Add	Add	Add	No	No	No
EXPENSE	Add	Sub	Sub	Add	Add	Add	Add	No	No	No
FLOW	Add	Add	Add	Add	Add	Add	Add	No	No	No
BALANCE	Add	Add	Add	Add	Add	Add	Add	No	No	No
BALANCE RECURRING	Add	Add	Add	Add	Add	Add	Add	No	No	No
CURRENCYRATE	No	No	No	No	No	No	No	No	No	No
GROUPLABEL	No	No	No	No	No	No	No	No	No	No
DYNAMIC	No	No	No	No	No	No	No	No	No	No

Note:

In Table 8, No indicates that the account type is not aggregated into the parent account.

Example

This example illustrates how account types are aggregated into parent accounts:

In this example, Total Assets is an ASSET account and the parent of Fixed Assets (an ASSET account) and Amortization (a LIABILITY account). When the accounts are aggregated into the parent account, the Fixed Assets value of 100 is added, the Amortization value of 20 is subtracted, and the resulting value for Total Assets is 80.