GL Retained Earnings Balance Update In New Fiscal Year Does Not Use Alternate Account

(Doc ID 2352726.1)

Last updated on MARCH 07, 2018

Applies to:

Oracle Fusion General Ledger Cloud Service - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Goal

Question: Does the Retained Earnings balance update not have functionality to reference that the account combination is disabled, end dated, alternate account?

Scenario:

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.
Expected result:
When GL accounting Period Jan-19 is opened, the $1,000 expense is transferred to RE account 0019-11094-35130\-0900.

 

Solution

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