Overview of Account Combinations

Account combinations contain a completed set of segment values that uniquely identifies an account in the chart of accounts.

Here are some examples of account combinations:

• 01-100-1420-003

• 02-100-1420-005

• 01-100-1420-002

• 02-100-1420-004

Account combinations:

• Are enabled when created by default.

• Cannot be deleted.

• Use a From Date to be enabled as of a particular date. For example, if you have a new department as of January 1, 2014, create the account combinations in advance by using a From Date of 01-JAN-2017 to enable the combinations on that date.

• Are discontinued by:

  • Deselecting the Enabled option.

  • Entering an end date.

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.

Set the following attributes on the Manage Account Combinations page:

• Preserve Attributes: To prevent changed segment values from overriding values defined at the account combination level when running the Inherit Segment Value Attributes process.

• Type: To identify the type of account, Asset, Liability, Revenue, Expense, and Owner's Equity.

• From and To Dates: To enable or disable the account combination on a specific date.

• Allow Posting: To use the account combination in journals.

• Alternative Account: To use an alternative account combination when this one is disabled.