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.

To plan your summary accounts:

1. Determine your summary account needs.

2. Plan the summary account structure to meet your needs.

3. Plan the parent segment values and rollup groups you need for your summary accounts. Make sure the pseudo parent value "T" is specified for each segment. Do not assign child accounts or ranges to this value.

   Warning: The segment value "T" should only be used to mean all segment values, in other words, the total of all parent values. You cannot use it for any other purposes.

4. Plan your summary account templates to generate multiple summary accounts.

   Note: You must have read and write access to the ledger and all of its balancing segment values or management segment values as defined by your data access set to create summary accounts.

   You can only create summary accounts if you are using one of the following data access sets:

   • The Full Ledger data access set type that provides read and write access to the ledger.

   • The Balancing Segment Value data access set type that provides read and write access to all balancing segment values for a ledger using the All Values checkbox.

   • The Management Segment Value data access set type that provides read and write access to all management segment values for a ledger using the All Values checkbox.