Why do I need to enter an Account Type?
Account Type is a categorization tool that will be utilized in the Balance Sheet and Income Statement Dashboard Reports.
When you are adding a new account to your Chart of Accounts, you are asked to select an Account Type.

This type will be used as a categorization and filter variable in Dashboard reports and future benchmarking.
![Type=Full, Color=Light, Lockup=Default@2x.png]](https://success.tractionag.com/hs-fs/hubfs/Type=Full%2c%20Color=Light%2c%20Lockup=Default@2x.png?height=32&name=Type=Full%2c%20Color=Light%2c%20Lockup=Default@2x.png)