Account Type: Indicates the purpose for the account in the different list, journals, and reports. The following options are available:
o Posting: The only account type where entries can be posted.
o Heading: Used for description and reporting purposes only.
o Total: Used to total the accounts nominated in the Totaling field.
o Begin-Total: Marks the beginning of an account range in the Totaling field.
o End-Total: Marks the end of an account range in the Totaling field.