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What are Summary Accounts and Rollup groups?

  
Total Answers and Comments: 3 Last Update: September 16, 2007   
  
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 Best Rated Answer
Submitted by: Shweta_faqs
 

Summary Account is an account whose balance represents the sum of other account balances. You can use summary accounts for faster reporting and inquiry as well as in formulas and allocations.

Rollup group is a collection of parent segment values for a given segment. You use rollup groups to define summary accounts based on parents in the group. You can use letters as well as numbers to name your rollup groups.



Above answer was rated as good by the following members:
peterson1975
October 17, 2005 09:05:18   #1  
bmahathma        

RE: What are Summary Accounts and Rollup groups?
summary accounts is consolidatasion balenses of accounts and rollupgroups is collection of parent accounts
 
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October 19, 2005 17:21:45   #2  
Shweta_faqs Member Since: October 2005   Contribution: 22    

RE: What are Summary Accounts and Rollup groups?

Summary Account is an account whose balance represents the sum of other account balances. You can use summary accounts for faster reporting and inquiry as well as in formulas and allocations.

Rollup group is a collection of parent segment values for a given segment. You use rollup groups to define summary accounts based on parents in the group. You can use letters as well as numbers to name your rollup groups.


 
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September 16, 2007 00:52:17   #3  
Spice Member Since: September 2007   Contribution: 6    

RE: What are Summary Accounts and Rollup groups?

Summary Account is an account whose balance represents consolidation of accounts

Rollup group is a collection / consolidation of parent accounts. Eg Assets is a total of Current assets and Fixed Assets. Current assets / Fixed assets in turn are collection of assets.


 
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