Defining Accounts
Define new accounts by creating new combinations of account segment values. You must define all new accounts manually if you do not allow dynamic insertion to create new accounts automatically.
You can enable or disable specific account combinations at any time.
Note: Use the Summary Accounts window to define or maintain summary accounts.
Prerequisites
Define your account structure and choose whether to enable dynamic insertion.
Define your account segment values.
To add a new account:
1. Navigate to the GL Accounts window.
2. Enter the account you want to add. General Ledger checks the account against your security and cross-validation rules. If you enter a valid account segment combination, General Ledger automatically displays the account Type of the natural account segment value.
3. (Optional) If you enter an Effective Dates range, your account will only be effective during the days defined by the From and To dates.
4. Select Enabled to activate the account. If you entered an Effective Date range, the account is only enabled within that date range.
5. Choose whether to Allow Posting and Allow Budgeting for the account.
Note: You also set these attributes for the individual segment values. However, the account Allow Posting and Allow Budgeting attributes do not override the attributes for the individual segment values. For example, if you allow posting to an account containing a segment value that does not allow posting, you will not be able to post to that account.
Note: You cannot Allow Posting for the Net Income account which is specified for a set of books with average balance processing enabled.
Oracle Receivables Note: Receivables does not use the Allow Budgeting option.
To disable an account:
1. Navigate to the GL Accounts window.
2. Query the Account you want to disable.
See Also
Designing Your Accounting Flexfield
Defining Key Flexfields
Defining Segment Values
Creating Summary Accounts
Overview of Average Balance Processing