R12 - What Is The Use of "Net Closing Balance Flag" in Accounting Setup Manager

(Doc ID 1235283.1)

Last updated on DECEMBER 15, 2016

Applies to:

Oracle General Ledger - Version 12.0.0 to 12.1.2 [Release 12.0 to 12.1]
Information in this document applies to any platform.
Accounting Setup Manager (ASM)

Goal

What is the purpose and meaning of the checkbox 'Net Closing Balance Flag' in the Accounting Setup Manager (ASM)?

1. To see this checkbox navigate to:
2. General ledger Superuser > Accounting setup manager
3. Enter the ledger setup or query an existing setup get to step 2
   See the Define Retained earnings account slot, next to that is the 'Net Closing Balance Flag' checkbox

Solution

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms