Summary of Account Types and Time Balance

Each account is associated with an Account Type and is categorized as either a Flow or Balance Time Balance. Flow accounts accumulate over time through the aggregation of associated Movement entries. Balance accounts represent a balance at a specific period-end and do not aggregate over time.

Table 11-7 Summary of Account Types and Time Balance

Account Type	Time Balance for accounts inside Balance Sheet hierarchy	Time Balance for accounts outside of Balance Sheet hierarchy	Variance Reporting
Revenue	Flow	User-defined	Non-Expense
Expense	Flow	User-defined	Expense
Asset	Flow	User-defined	Non-Expense
Liability	Flow	User-defined	Non-Expense
Equity	Flow	User-defined	Non-Expense
Saved Assumption	Flow	User-defined	User-defined

Note that the Opening Balance movement of Flow accounts is calculated as the Closing Balance of the prior periods. Closing Balance is an aggregation of Opening Balance and all movement amounts for the period. No Opening Balance is calculated for Balance accounts.