Summary Accounts, Parent Values and Rollup Groups

What are Summary Accounts?
• 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 and Mass Allocations, and Recurring journal formulas.
• You do not enter or post transactions directly to summary accounts.

Summary Accounts Examples:

Company Segment - Summarize companies by major industry; by regions within a country; or by country group.

Cost Center Segment - Track functional areas at a detailed level but produce summary reports that group cost centers into one or more divisions.

Account Segment - Summarize your accounts by account type: Assets, Liabilities, Equity, Revenue & Expense or more detailed: Current Assets.

Detail versus Summary Accounts:
• Summary Accounts are updated when journals are posted to a corresponding detail account. They enable online summary inquiries and speed concurrent processing.

• Detail Accounts allow direct posting of business transactions and journals.

Summary Accounts versus Parent Values:


















Parent Values and Rollup Groups:











About Rollup Groups:

• A rollup group is a collection of parent segment values for a given segment.
• A value cannot belong to a rollup group unless it is a parent value that has child values.
• Parent values and child values belong to the same value set, which is attached to a key flexfield
segment.