ERPstuff - Oracle EBS Community

Hi Group,

can anybody explain me regarding Control Account and Reconciliation Flag in Segment Qualifier and their functionality when it will be used.

It is very urgent.

the purpose of control account is that it will be available for only for that perticular module if u give control account AP then only this account can be utilised in AP data entery no other module can use it for their own

Hi,


General Ledger Entry <b>Reconciliation </b>lets you reconcile transactions in General Ledger accounts that should balance to zero, such as a VAT control account. You can enable reconciliation either for natural account segment values or for complete accounting code combinations. Journal reconciliation is available for journals of the balance type of Actual, and journal type of Standard. You can perform account reconciliation either automatically with the General Ledger Automatic Reconciliation report, or manually in the Reconciliation Lines window.
Use automatic reconciliation to reconcile journal lines that have matching balancing segments, account segments, and reconciliation references, or optionally where the reconciliation reference is blank
Use manual reconciliation to reconcile journal lines with different code combinations (including different balancing segments or account segments) or different reconciliation references.
For both automatic and manual reconciliation, the balance for the journal lines that you want to reconcile must be zero. Reconciliation can be performed between transactions entered in the same or different currencies

<b>Control accounts</b> are accounts that can be used by Oracle sub ledgers, Such as Oracle Payables, Receivables and Inventory. Control accounts cannot be used to enter manual journal entries in GL. By specifying an account as control account, you can ensure that their balance are consistent with General Ledger balances for the same combination
Benefits :
Better Control
Streamlined Reconciliation

Regards,
Shashi.

Hi Shashi and Khan,

Yaar thank you very much. Now i have cleared the doubts in this concept.

Murthyoracle

hi Shashi_k,

you have explained it very well but if you will give any example for this it would be very helpfull especially in case of reconcilation

Can Control Accounts can be used in Assets and Order Mgt Module?

Rgds
pandurangudu

pandu,

control accounts can be used in assets module..i am not sure abt ordr mng