Which accounts are known for summing totals of child accounts?

Rollup accounts are specifically designed to aggregate or sum the totals of child accounts within a financial model. They play a crucial role in providing a consolidated view of data by taking the values from various lower-level accounts (the child accounts) and collating them into a single, higher-level account (the parent account). This functionality is particularly beneficial in financial reporting and analysis, where it's essential to have a clear overview of aggregated figures without manually calculating totals.

The utility of rollup accounts allows for more streamlined financial reporting and simplifies the management of complex data structures, as users can focus on high-level summaries while the underlying details remain accessible for those who need them.

In contrast, metric accounts are related to specific calculations or key performance indicators, system accounts may refer to predefined accounts used by the system for its operations, and GL accounts typically pertain to general ledger accounts, which record financial transactions directly. These options do not provide the summarization capability associated with rollup accounts.