GL:Accounting Flexfield setup

 

 

Filed Under  Accounting Flexfield, Qualifiers

In this article we shall discuss how the accounting flexfield is setup
Responsibility: General Ledger
Navigation: Setup > Financials > Flexfields > Key > Segments
Query for,
Application: General Ledger
Flexfield Title: Accounting Flexfield
Code: HTM_ACC_FLEX (This is an accounting flexfield structure that has already been defined in the system)

Click on Segments

All the segments for the Accounting Flexfield is shown. We shall now check the Flexfield Qualifiers.
While Company segment is selected click on the Flexfield Qualifiers button

As you can see, Balancing Segment, qualifier has been checked for segment, Company.
Now let us check Cost Center segment

We see that the segment Cost Center has the qualifier, Cost Center Segment.
Now we shall check the segment named, Account.

We find that the segment Account is set as the Natural Account Segment.
To setup the Accounting Flexfield we must have these 3 qualifiers set.

The list of qualifiers is given below

Name	Description
Cost Center Segment	This attribute is used to identify the cost center segment.
Natural Account Segment	This attribute is used to identify the natural account segment.
Balancing Segment	This attribute is used to identify the balancing segment. This is typically the company segment.
Intercompany Segment	This attribute is used to identify the intercompany segment
Secondary Tracking Segment	This attribute is used to identify the secondary tracking segment to process income statement closing, translation and revaluation