Assigning Balancing Value to a legal entity

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Assigning Balancing Value to a legal entity

Post by Shashi_k »

Version R12/11i? = R12
Instance PROD/TEST/VIS? = TEST
Module? = GL


Hi,

What is the use assignment of BSV (balancing segment value) to a legal entity? Which business scenario does this option best fits in.

once after I assiggn a value to the legal entity any journal I am trying to enter with other business segment value system throws up error message ' Balancing segment value not valid for this ledger'

Regards,
Shashi.
Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Post by Shashi_k »

Thanks karthik for your reply.
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