Book Controls Accounts Changes Not Reflected in Created Journals (Doc ID 744178.1)

Last updated on NOVEMBER 08, 2022

Applies to:

Symptoms

The account for Gains and Losses for an asset book was changed in Book Controls (Accounts).

When 'old' assets are retired, the old gain and loss account is still used.  Eg. the account 50990001 is used for gains and loss whereas to be used is the changed/new account 72010099.

Expected: To be able to change the account for all the 'old' assets so all future retirements will go to account 72010099.

Note this applies ONLY to:

-- 11i clients

AND

-- R12 clients that have the profile FA:  Use Account Generator Workflow enabled

If you, as an R12 client, use SubLedger Accounting as your accounting engine, this issue does not occur

Changes

Cause

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