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Chart of accounts has a hierarchy structure. Accounts are organized in groups and sections. To create a group of accounts, X, create an account X in the Account Group section, and then, create subordinate accounts with the X account in the Parent Group field.
The COA Section is the key for any account. The section indicates the economic purpose of the accountsection provides the key information on how the account is used. The account section defines how the account can be used in business transactions and reports: Statement of Financial Position, Income Statement (P&L), Statement of Equity Changes. The list of sections is predefined, you cannot extend it in the user mode. If needed, contact the product support team.
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