This type is intended to be used as a title of a group of accounts. Header accounts are used only for grouping accounts that have a similar purpose. Typically, header accounts have detail accounts "under" them; that is, detail accounts are assigned to specific header accounts. In the list on the left side of the accounts list window, header accounts appear in bold type, and the detail accounts appear below them in plain type at the next level.
Transaction amounts can't be assigned (posted) to header accounts -- only to detail accounts. You may want to create header accounts, however, to combine the amounts of all the detail accounts under the header account and display the total amount on reports. To display the amount on reports, mark the selection in the Header Account view of the Edit Accounts window named When Reporting, Generate a Subtotal for This Section.
Header accounts aren't required in MYOB AccountEdge, except for the eight Level 1 accounts -- asset, liability, income, expense, equity, cost of sales, other income and other expense; the level of the eight Level 1 accounts can't be changed. If you create header accounts, they must be either Level 2 or Level 3. When you change an account's number, the Accounts List is reordered (in account number order). If a header is separated from its sub-accounts, the sub-accounts are moved up one level.
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