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What is a chart of accounts (CoA)? How is a chart of accounts usually numbered? How do you design a CoA for a growing business? How do you handle multiple entities or currencies in the CoA?
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Accounting Software & Systems › Chart of Accounts Setup

What is the difference between a control (header) and a posting (detail) account?

Intermediate

Answer

Posting accounts receive transactions; control/header accounts summarise groups of them for reporting and cannot usually be posted to directly.
Header: Current Assets -> posting: 1000 Cash, 1200 AR, 1300 Inventory
Real-world example Reports roll detail accounts up under their headers automatically.
All 5 Chart of Accounts Setup questions