Available in Sage Simply Accounting Accountants' Edition.
         
        
        
        Account Types
        Account types are used to organize your accounts and 
 to show their relationships to one another within a group. Each account 
 type has a specific function and position in an account group.
        The account types are:
        
(H) Group 
 Heading
        
        
            The top level of collection of accounts. Introduces 
 two or more group or subgroup accounts.
         
        
(A) Subgroup
        
        
            Stores amounts processed in the transaction 
 windows. Balances are shown in the left column of the financial statement. 
 Used for accounts whose balances will be subtotalled, rather than included 
 directly in the group total. Subgroup accounts must be followed by a Group 
 Total account before the next Group Heading.
         
        
(G) 
 Group
        
        
            Stores amounts processed in the transaction 
 windows. Balances are shown in the right (total) column of the financial 
 statement. Used for amounts included directly in the Group Total.
         
        
(S) Subgroup 
 Total
        
        
            Contains the subtotal of all the consecutive 
 subgroup accounts above it. The program displays the amount in the right 
 column of the financial statement. Must follow a Subgroup account. 
 The balance is included in the Group Total.
         
        
(T) Group 
 Total
        
        
            Gives the sum of all group and subgroup totals 
 above it, up to the previous Group Heading. The program displays the amount 
 in the right column of the financial statement. You cannot process transactions 
 to this account.
         
        When you view or print a financial statement, the following 
 account types are also displayed:
        
Section Heading
        
        
            Divides the financial statement into sections 
 (Assets, Liabilities, Equity, Revenue, and Expense). The program assigns 
 the section name; you cannot change it. Accounts within a section are 
 further classified into groups.
         
        
Section Total
        
        
            Gives the sum of all accounts within the same 
 section of the financial statement. (It includes all the group totals.) 
 You cannot change the section name; the program assigns it.
         
        
Current Earnings
        
        
            Shows the difference between revenue and expense 
 account totals. The program calculates the balance every time you make 
 an entry that affects a revenue or expense account, and displays it in 
 the Equity section of the balance sheet. You cannot process transactions 
 to this account.
         
        What do you want to do?
        Check to see 
 if your accounts are in the correct order