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R12: AP: "Posting: Single Ledger" Concurrent Program Completes in Warning Due to Error "Unable to Balance Inter-Company Accounts" (Doc ID 2977912.1)

Last updated on OCTOBER 25, 2023

Applies to:

Oracle Payables - Version 12.2.10 and later
Information in this document applies to any platform.

Symptoms

"Posting: Single Ledger" Concurrent Program Completes in Warning Due to Error

Unable to Balance Inter-Company Accounts

Unexpected behavior while attempting to set up automatic generation of inter-company balancing transaction.

Adding a new company and incoming expenses, unable to get this to function properly in the test instance.

Attempting to account invoice, raises the following accounting Error:

There is no default Intercompany Payables account available as the Multiple Legal Entity Balancing Account for the From and To legal entities, CCAANNSS and SSTTEELL.
Please specify an Intercompany Payables Account in the Accounting Configuration as the Multiple Legal Entity Balancing Account for this intercompany relationship.

 

Steps to reproduce:

  1. Attempting to account invoice.
    1. Log into Oracle Applications using Payables Responsibility.
    2. Open the Invoice Workbench screen
      (N) Invoice > Entry > Invoice
    3. Query an intercompany invoice
    4. Try to account the Invoice using the "Invoice Actions" ([Actions...] button >Account)
    5. Error mesasge popsup
      "There is no default Intercompany Payables account available as the Multiple Legal Entity Balancing Account for the From and To legal entities..."
        
  2. Running "Posting: Single Ledger"
    1. Log into Oracle Applications using General Ledger Responsibility.
    2. Open the Standard Request Submission (SRS) screen
      (N) Other > Request > Run
    3. Submit the "Posting: Single Ledger" Concurrent Program
    4. Completes in Warning.
    5. Review the output/log; it shows the message mentioned "Error Unable to Balance Inter-Company Accounts".

 

Changes

Recently added new company and setup inter-company feature for it. 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
 .
References


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