Renaming Person Account Labels

If your org uses person accounts, you can rename three standard fields.

Available in: Salesforce Classic

Person accounts available in: Enterprise, Performance, Unlimited, and Developer Editions

Field	Tab	Description
`Business Account`	Accounts	An account that isn’t a person account because it doesn’t have a record type specific to person accounts. This label is primarily used to clarify the type of accounts you’re importing.
`Person Account`	Accounts	A person account.
`Business Contact`	Contacts	A contact that is associated with a business account. This label is primarily used to clarify the type of accounts you’re importing.

When you rename the Person Account field label, the renamed label appears in Salesforce:

As a prefix to differentiate person account fields such as Birthdate and Home Phone from business account fields. For example, Person Account: Birthdate is available as an account column in opportunity reports.
In the name of the Is Person Account field and icon. For example, if you rename the Person Account field to “Consumer,” then Is Person Account becomes Is Consumer.

Note The Person Account and Business Account field labels are independent from actual record type names.

To customize person account record types, from the object management settings for person accounts, go to Record Types.
To customize business account record types, from the object management settings for accounts, go to Record Types.