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COA - Mandatory Segments
Posted: Fri Dec 11, 2009 12:10 pm
by tgs100
Generic Discussion Topic
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What are the mandatory segments in COA and <b>why</b>?
Cheers,
Saravanan
Posted: Sat Dec 12, 2009 11:58 am
by madhusudhan.palla
Mandatory segments are 2
1) Balancing Segment
2)Natural Accout segment
way
we need atleast two segments for entering transactions.
Posted: Sat Dec 12, 2009 3:56 pm
by tgs100
That is nice...
So you mean cost center is not mandatory?
Even if we have only one company (only one balancing segment value), should we include balancing segment in COA?
Cheers,
Saravanan
Posted: Sun Dec 13, 2009 4:19 am
by hiszaki
HI Saravanan
If you have only one company, you need to define 1 segment in the COA related to company.
Some standard function in the application (Forms - requests) define to be group by balance segment so if you not define the balance segment may be couldn't use the standard functions.
Thanks
Hisham
Posted: Mon Dec 14, 2009 10:37 am
by madhusudhan.palla
as per my knowledge, Cost Centre segment is not mandatory.
Posted: Tue Dec 15, 2009 12:11 pm
by tgs100
Balancing Segment - It is mandatory - System uses this segment to balance the accounting entries for each balancing segment value.
Cost Center becomes mandatory if you use FA module. Many FA reports refers this flexfield qualifier.
Any other views?
Cheers,
Saravanan
Posted: Wed Dec 16, 2009 4:51 am
by stalinvstalin@gmail.com
HI SARVANAN,
U ARE CORRECET.BECOZ COST CENTRE MEANS A GROUP OF PEOPLE AND MACHINES WORK TOGETHER TO GENERATE PROFITS.
IF WE HAVE FA MODULE THEN ONLY IT IS MANDATROY OR ELSE WE CAN GO WITH 2 MANDATORY SEGMETS.
PLEASE RAISE SOME OTHER DISCUSSIONS SARVAN.THEY ARE VERY HELP FULL.
STALIN.
Posted: Wed Dec 16, 2009 11:23 am
by tgs100
Some of the implementations have "Sub Account" as one of the segment in the COA. Sub Account is the Dependant segment of Account Segment.
What is the pros and cons of having sub account in the COA? Under what scenarios/requirements, sub account segment is required in COA?
Cheers,
Saravanan
Posted: Thu Dec 17, 2009 1:55 pm
by anu_uma
Hi,
As per my understanding and working exp, we can use it if we want to go in depth of tracking the accounts.
As I have worked with the COA as Sub accounts, we have not utilized it in depth and as per my analysis, it has given more issues than helping us. As a Consultant I will not suggest for sub accounts as it is dependent,
I don't think we have to go for sub accounts, we can do the structure of the natural account with 4-6 or more digits based on the depth of required information.
Regards,
Uma
Posted: Thu Dec 17, 2009 2:47 pm
by tgs100
Good one...Looking for more views/thoughts...
Post your views/suggestions..There is nothing right or wrong in going for only <b>account </b>segment or <b>account + Sub account</b> segments.
Cheers,
Saravanan
Posted: Mon Dec 28, 2009 8:54 am
by karthikeyanp1981
Hi TGS,
cannot think of a valid justification or a perfect business scenario which would demand a Sub Account segment in the Chart of Account Structure. Even though the sub account is dependant on the Accounting segment, the natural account qualfier only applies to Account segment and not sub account. I am of the opinion, that no point in having segments that does not carry a flexfield qualifier.
Will be pleased like other members, if you can share where exactly the Sub Accounts may come in to use ...
Regards,
Karthikeyan