Difference B/W summary account and parent account

[k.khan]

Hi,

Can any body share with me the Difference B/W summary account and parent account and what is special in summary account that we cannot do with parent account.

Regards,
k.khan

[oteixeira]

Hello.

A summary account is an account whose balance is the sum of balances from multiple detail accounts. Use summary accounts to perform online summary inquiries, as well as speed the processing of financial reports, MassAllocations, and recurring journal formulas.

For a parent value you can define and move child value ranges for it, and you can assign this value to a rollup group. You can use a rollup group to identify a group of parents for reporting or other application purposes.

Octavio

[AmanKhan]

http://repo.solutionbeacon.net/SummaryA ... OAUGKB.pdf

topic.asp?TOPIC_ID=3477


thanks,

* Plz use search option above, before posting a new topic as these questions are several times answered and helped u find detail discussions.

[k.khan]

Thanks Aman!