•SUMMARY ACCOUNTS –
–A summary account is an account whose balance is the sum of balances of multiple detail accounts. Summary accounts are used to perform online summary inquiries, as well as speed the processing of financial reports, Mass Allocations, and recurring journal formulas. Summary Templates are used to create summary accounts.

•SUMMARY v/s PARENT ACCOUNT –

Parent Account	Summary Account
No Inquiry	Online Inquiry
No Posting	Posting
used of reporting	used for reporting
Used for Mass Allocations	Used for Mass Allocations Budgetary Control

•STEPS TO CREATE SUMMARY ACCOUNTS –
The process of creating summary accounts is completed in the following steps:
–Determine your summary account needs.
–Plan the summary account structure to meet your needs.
–Define your parent/child hierarchy.
–Define Rollup groups.
–Assign parents to Rollup groups.
–Create your summary template.