Account Types
Each account is associated with an Account Type that represents the accounting nature of the account.
Each account is categorized as either Flow or Balance. Flow Account types accumulate over time. Balance Account types represent a balance at a specific period and therefore do not aggregate over time.
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Flow account types: Revenue, Expense
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Balance account types: Asset, Liability, Equity
Table 11-5 Account Types
| Account Type | Description |
|---|---|
| Expense | Costs incurred by a company to generate revenue. Examples of expenses are: cost of sales, salary expense, travel expense. |
| Revenue | Income received as a result of the sale of goods or services. Examples of revenue include Trade Sales, Income from Sales of Fixed Assets |
| Asset | A resource that has economic value and from which the company expects to generate income over time. Examples of assets are inventory, fixed assets, accounts receivable and pre-paid insurance. |
| Liability | Legal debts and obligations that companies owe to third parties as a result of business operations. Examples of liabilities include accounts payable, accrued payroll, and notes payable. |
| Equity | The value of ownership in a company and equal to the amount of assets remaining after all debts are satisfied. Examples of equity accounts include common stock, preferred stock, and retained earnings. |
| Saved Assumption | Non-financial items used by a company for statistical analysis and reporting purposes. Examples are square footage and headcount, units sold, miles traveled, and patients admitted. |
You can change the Account Type for seeded members of the Account dimension to customize them as needed. You can only change the members in the Consol cube. Ensure that you run Metadata Validation after making the changes to confirm that the changes are valid.
When you make changes to the seeded members, you cannot export or import them using a dimension export CSV file. You must use the Module Customization Migration artifact. Exporting and then importing CSV files will not retain your attribute changes for seeded members.