Parentheses Control Code.
Use this field to tell the system what the typical balance is for each account. On financial statements, if the balance is not typical, the system will print the balance in parentheses.
Enter D for asset and expense accounts because they typically have a debit balance.
Enter C for liability, equity, and revenue accounts because they typically have a credit balance.
Note: If you want the account's typical balance to print in parentheses, enter a Paren Control Code that is the opposite of the account's typical balance. For example, contra-asset accounts such as "Accumulated Depreciation" can be printed in the asset section of the Balance Sheet within parentheses.