Select one of the following options:

• Profit and loss, Revenueand Cost– Posting accounts. The profit and loss account is used for recording revenue and expenses. The sum of all operating accounts determines the year-end results. The revenue and the cost accounts have the same function as the profit and loss account.

• Balance, Assetand Liability– Transaction accounts that record the amounts that a company owns or owes. If you use asset and liability accounts, the accounts can have a higher degree of specification and you can more precisely structure reports about the company balance.

• Header– Lets you enter the name of an account as a header.

• Empty header– Used to create a space.

• Page header– Creates a new page immediately before the designated account and uses the name of the account as a header.

• Total– Used to add account intervals. Configure the Totalaccount type by using the Totalsform, which totals group balances for all account intervals.

• Group total– Creates a sum of all accounts that start with the account number of the group total account. The system will automatically select the Group totalaccount type depending on the setup in Group total account lengthin the Parameters form. Group totals can be printed in standard reporting, for example, Financial statementand in the Balance list with group total accountsand Transaction list by accountledger reports.