GL Retained Earnings Balance Update In New Fiscal Year Does Not Use Alternate Account
Last updated on MARCH 07, 2018
Applies to:Oracle Fusion General Ledger Cloud Service - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
Question: Does the Retained Earnings balance update not have functionality to reference that the account combination is disabled, end dated, alternate account?
GL Retained Earnings balance update in New Fiscal Year does not use alternate account
GL Specify Ledger Options for Given Ledger has Retained Earnings Account Retained Earnings Account = 0001-11001-35130\-0900.
GL Dynamic Insertion = Not Enabled
GL Account Combination 0019-11001-35130\-0900 is entered and saved. ,
GL Account Combination 0019-11001-35130\-0900 is disabled, and end dated 1/1/2000 and the alternate account
0019-11094-35130\-0900 is added and saved.
Transaction is created and posted: Company 0019 has $1,000 debit to an expense account in Jan-18.
When GL accounting Period Jan-19 is opened, the $1,000 expense is transferred to RE account 0019-11001-35130\-0900.
When GL accounting Period Jan-19 is opened, the $1,000 expense is transferred to RE account 0019-11094-35130\-0900.
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