How Balancing segment works

[luckykiriti]

Hi Gurus,

Can anyone please explain me how balancing segment works and balances debit, credit balances.

Whats the e logic that works if you set this qualifier to a segment.

Appreciate your early help.

Thanks,
Kiriti Vutukuri

[C-MOON]

In one GL CODE COMBINATION you must have one balancing segment which is usually the company or in case of multiple companies , more that one company , for whom you enter DR / CR entries in your set of books, balance sheet will be later on prepared for that company for whom you have enabled your segment qualifier.

let say you give your comany A, and it is your segment 1
Your deptt/location segment is 2 and cost centre is 3rd segment now for company segment if you mark balancing segment qualifier you will be able to generate balance sheet for same company.

[PS001]

The balancing segment refers to the company for which all debits should equal the credits. Hence the name Balancing segment

[luckykiriti]

Hi Gurus,

Thanks for your inputs.

Best Regards,
Kiriti[:)]

[tabishqazi]

HI,

Can we change the balancing segment. We have been using Oracle R12.1.1 can we change Balancing segment now? What will be the impact?

Thanks

Tabish

[Faraz dot.com]

I DON'T THINK SO ABOUT CHANGE BALANCING SEGMENT BECAUSE IT WILL ENTIRE CHANGE YOUR ORG STRUCTURE .......


FZ

[naveenravella]

IT Will Effect the Org Structure.
It's not suggestable.

Advice:

You can use Future Flexi field stil if you didn't used that one.

But again you need to define Basic setup in EBS overall.

like again New implementation.