Natural accounts list change

[scorpion09]

Hi
Our Ministry of finance decided de change the accounting system.
we'll have new accounts, new rules, in this case what should we do???????
in this year we've the obligation to enter transactions with the actual and the new natural accounts, inorder to have two end balances,one with the new accounts and the other with the actual accounts.
is this option performed in general ledger???
Best regards

[karthikeyanp1981]

If you are going to have complete set of new Account codes and discontinue old accounts, it will be better to follow the below steps ...
Step 1 - Create new account values as required
Step 2 - Transfer all balances from old account values to new account values through manual Journal
Step 3 - Post the transaction
Step 4 - Disable or end date the old account codes ....

What ever be the method or workaround you are going to perform it will all be done at General Ledger module only ....

[scorpion09]

Hi
thanks for reply but my problem, that the new natural accounts have the same code with the old ones, but with different signification, so i'm obliged to keep old accounts, hope that you inderstand me.
thanks

[admin]

Please provide list of modules you have and check the following,

topic.asp?TOPIC_ID=6854

[scorpion09]

thanks for reply
we still always working with 11i, and we will not migrate to r12 soon, so how we can kept the old values and work with new values.
Regards

[tgs100]

I do not understand the requirement fully.

As I understand, the requirement is

1. You do not want to create a new SOB.
2. You want to perform transactions with both old and new accounts
3. you do NOT want to transfer the old account balances to the new account balances.

<b>Qn:</b> we'll have new accounts, new rules, in this case what should we do???????
<b>Ans:</b> Create new accounts and create new rules to accept both old and new accounts.

<b>Qn:</b> is this option performed in general ledger???
<b>Ans:</b> Creating the new accounts and new rules have to be done in the GL only.

Cheers,
Saravanan

[scorpion09]

Hi
for this financial year we want:
to perform transactions with both old and new accounts inorder to have two balances
for the next financial year we will use only the new accounts
the new accounts have same values as the old one but with different signification, so i can't use the same value set.
i have a scenario
in our flexfield we've 2 reserved segment to future use
i'll use one of them as segment for new accounts, i and i'll enter transcation in the actual segment with actual account, and the new segment for new account.
for this year i 'll let natural account qualifier in segment3
next year i'll attribute the natural account qualifier to new segment.
i want to know if i can do this?? and what is the impact of this operation.
Best regards
Aziz

[tgs100]

Personally I don't recommend the process suggested by you.

I am still not convinced to maintain the account balances in old and new accounts for the same transaction. I feel that it is a redundant data.

My suggestions are given below

1. Create new accounts with a new series in the same account value set and use only new accounts in the transactions.
2. If you can not enter the new accounts in the same value set, then go for a new SOB. You may have to do consolidation for the current fiscal year for MIS reports.

This is my view and you may also wait for other members and also contact oracle support before taking a decision.

Cheers,
Saravanan

[yknev]

Dear All,

I am new for Oracle Apps. Could you clarify below points:-

1. What is the control Accounts & Natural Accounts

2. What is the difference between Natural Accounts & Control Accounts.

Regards,

yknev.

[oteixeira]

Hi.

A control account can also be a natural account. Natural account is the one defined by the Tax Authorities. A control account is used to summarize specific accounts like customers or suppliers.

Octavio

[yknev]

Hello oteixeira,

How to identify the control Accounts and Natural Accounts. Can you elaborate more.

Regards,
yknev