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Net Book Value Retired Gain and Loss Accounts in Fixed Asset Books

Discussion in 'Oracle Financials' started by Bharat, Oct 9, 2012.

  1. Bharat

    Bharat Community Moderator Forum Guru

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    Hi all,

    In Fixed Asset Books we have created one book and entered account numbers in Natural Accounts tab. We have entered just account number(96403) there itself for Net Book Value Retired for Gain and Loss. But when we run depreciation it takes entire combination for accounts(11.000.96403.999999.00.000000.00). Now I want to know from where its going to take that entire combination. Here in Book we have two account numbers like Net Book Value Retired Gain and Loss (96403 for gain and loss). Now I want to change one combination for Loss account and other should for Gain as explained below:
    For Gain: 11.000.96403.999999.00.000000.00
    For Loss: 11.000.96403.888888.00.000000.00

    Can I know where can we set this thing to get combination for our account numbers.
    We have assigned one account combination in Natural Accounts tab itself which names field as Account Generator Defaults. Does it takes from this one?
     
  2. Bharat

    Bharat Community Moderator Forum Guru

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    Can anyone guide me on this.
     
  3. velidhu

    velidhu Active Member

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    Bharat, yes system takes the account segment from the value that you've defined (96403), and takes the other segments (11.000. XXXXX.999999.00.000000.00) from Account Generator Defaults.
    If you are in R12 you can solve it by SLA setup, if you are in R11 the only way to modify it is by modifying the FA account generator workflow
     
  4. Bharat

    Bharat Community Moderator Forum Guru

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    Thanks for the reply @Velidhu. We are on R11. Got the solution for this. Without modifying the workflow just change the account in book controls > natural accounts tab > in this we can see Default account. In this change the account to the valid combination. By that the issue goes fine.