Create an Account Combination

Use the Manage Account Combinations page to create account combinations manually or using a spreadsheet.

Caution: Before creating account combinations, ensure that account types for the natural account segment values have been correctly assigned. If you assign an incorrect account type to a natural account segment value, accounting entries are recorded incorrectly and financial statements are inaccurate. Misclassified accounts are also potentially handled incorrectly at year end, with actual balances either getting zeroed out to retained earnings, or accumulating into the next year.

Scenario

Create account combinations using a spreadsheet:

1. In the Setup and Maintenance work area, use the following:

   • Offering: Financials

   • Functional Area: Financial Reporting Structures

   • Task: Manage Account Combinations

2. Select your chart of accounts.

3. Click Search.

4. Click the Create in Spreadsheet button.

5. Click OK in the message that pops up.

6. Sign in with your user name and password.

7. Enter the new account combination in the appropriate segments. For example: 01-120-5110-00.

8. Click Submit to upload the account combinations.

Scenario

Create account combinations manually:

1. In the Setup and Maintenance work area, use the following:

   • Offering: Financials

   • Functional Area: Financial Reporting Structures

   • Task: Manage Account Combinations

2. Select your chart of accounts.

3. Click the Add Row icon.

4. Verify that the Enabled check box is selected.

5. Select the Account segment values from the drop-down lists. For example:

   • Company 01

   • Department 120

   • Account 5105

   • Intercompany 00

6. Enter today's date in the From Date field to make the account effective today.

7. Click Save and Close.