The Chart of Accounts shows a complete listing of all the accounts that have been created for your company and their total balances. When you open the Chart of Accounts, you view the active and the inactive accounts in the grid. In addition, you can add a new account from within the Chart of Accounts.
If you have created sub-accounts, they are indented and listed below the parent accounts. The balance of a parent account is the sum of all sub-accounts beneath it. You can choose to view all accounts in an aligned format by collapsing the hierarchy. In this case, a parent account will equal the sum of all postings made directly to it.