Five type of accounts are maintained in GL

1. Expense (E)
2. Revenue (R)
3. Asset (A)
4. Liabiltiy (L)
5. OWNER's Equity (O)

While DEFINING the Natual Account segment values, in the segment qualifier we specify the nature of account. The type of account for a Code combination is stored in GL_CODE_COMBINATIONS

Expense and Revenue accounts represent expenses/losses and Revenues/Gains respectively. And these accounts have a ZERO BALANCE at the start of the year. This point has to be TAKEN care of while developing reports where Opening Balance is calculated rather than using GL_BALANCES table.

Owner's Equity represent Share Capital and includes retained earnings and reserves, if any. Owner's Equity along with Asset and Liability Balances are carried forward at the end of year.

Five type of accounts are maintained in GL

While defining the Natual Account segment values, in the segment qualifier we specify the nature of account. The type of account for a Code combination is stored in GL_CODE_COMBINATIONS

Expense and Revenue accounts represent expenses/losses and Revenues/Gains respectively. And these accounts have a ZERO balance at the start of the year. This point has to be taken care of while developing reports where Opening Balance is calculated rather than using GL_BALANCES table.

Owner's Equity represent Share Capital and includes retained earnings and reserves, if any. Owner's Equity along with Asset and Liability Balances are carried forward at the end of year.