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CAN YOU USE THE NET INCOME ACCOUNT WHEN AVERAGE DAILY BALANCING IS NOT ENABLED? (Doc ID 1076656.6)

Last updated on OCTOBER 16, 2019

Applies to:

Oracle General Ledger - Version 11.0 and later
Information in this document applies to any platform.
ADB
GLXSTBKS
balancing
app-8104

Symptoms

 Can you use the Net Income account in General Ledger if you do not have
average balance processing enabled for the set of books?

 

You would like General Ledger to calculate the net income and you
are trying to define the Net Income account on the Set of Books form.

You do not want to use average balance processing for this set of books
so you have not checked Enable Average Balances in the Standard Options
region of the form.

You may have encountered one of the situations below when trying to
enter the Net Income account on the Set of Books form:

   1) The Net Income account field is grayed out and will not allow
      entry.

 OR

   2) The Net Income account field is grayed out and will allow you
      to enter an account number. However, after entering the account,
      this message is displayed:

      APP-08104: The Net Income account must be non-postable. Enter a
                 different account or disable posting for this account
                 using the GL Accounts form.
 
 OR

   3) The Net Income account field is grayed out and will allow you
      to enter an account number. However, after entering the account,
      this message is displayed:

      Your Net Income account must be a balance sheet account.

  OR

   4) The Net Income account field is grayed out and will allow you
      to enter an account number. However, it does not appear that this
      account is being used by General Ledger.

Changes

 

Cause

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