Control accounts are General Ledger accounts accessed from subledger applications such as Receivables and Payables. Global Accounting Engine automatically creates detailed balances for control accounts. The balances are calculated for each account with the control account status and third party period and identification.

Note: Setting up a control account is usually a post-install step. If you need to change the status of an existing account, see the Global Accounting Engine installation manual, or ask an Oracle consultant. It is not sufficient to only flag an accounting segment as a control account. Setting up a new control account does not affect existing accounts.