What are sub-accounts used for in OneStream?

Prepare for the OneStream Chart of Accounts Exam. Master nuanced concepts with flashcards and multiple-choice questions, complemented by hints and explanations. Equip yourself for success!

Sub-accounts in OneStream are specifically designed to provide detailed tracking under parent accounts. This structure enables organizations to break down financial data into more granular components, allowing for a more precise analysis of different segments of the business. For instance, if a parent account represents overall revenue, sub-accounts could capture revenue from specific products, services, or regions. This hierarchical arrangement not only enhances visibility into financial performance but also aids in reporting and decision-making processes, as users can easily drill down into the details behind aggregate figures.

While the other options mention important aspects of financial tracking and categorization, they do not encapsulate the primary function of sub-accounts in the context of OneStream.

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