YES - The balance sheet will reflect Current v Non-Current Assets if you put them in as headers. A  lot of our customers set their chart up this way and also use headers in the expense section to group by Operating, Occupancy, Sales & Marketing, Employment Costs etc. You can use the maximum levels feature in the P&L and B/S reports to display the report showing the sub accounts or just the headers. You can have up to 10 levels.