Defining set of books

hi all
why we define only retained earnings & translation adjustment accounts only while we defining SOB

Hello.
I'm not sure if i understood your problem correctly. But from what i understood, you are inquiring as to why the other accounts are not defined when creating the SOB. If this is the issue, this is because a seperate Chart of Accounts is attached when you are defining the Set of Books. In R12, you have the option to attach a Ledger in the Accounting Setup Manager. This contains all the other accounts that you define using your Key Flexfield called Accounting Flexfield.
Hope this helps
Miranga

Similar Messages

  • Error while defining set of books

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    the values in the account segment which is asssigned with natual account flexfield qualifier entered as balance sheet items: asset, liability.
    Now while creating set of books at the time entering Retained Earning account when clicked on 'OK' button I see the following Error:
    "Please choose an existing combination"
    ??

    Thanx a lot,
    "..enable "Allow Dynamic insert"..."
    works fine
    "...you can define a code cobination in GL.."
    i cant define code combination before creation of set of books,
    or do you mean that i should specify code combination (for Retained earnings) just after creation of set of books?
    thanx

  • Istheir any way by which i can MODIFY the Primary Set of Books option inSOB

    Hi,
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    Once defined , I was not able to change the option.
    Rgds

    Hi Sumit,
    Thanks for reply.
    But what i meant to say is:
    Initially while defining Set of Books window , In the "Multiple Reporting Currencies"Tab,
    If suppose we have enable Set of Books Type as "Primary Set Of Books", then
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    Or else, u advise me to create new SOB altogether.
    Regards

  • How do we do sales in MX while still working under US Set of books?

    Hi,
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    We have sales happening in US and Mexico (MX). Current implementation has just 1 Set of Books defined and it is US-SOB. There are 2 Legal entities viz. US-LE & MX-LE. US caters to large number of customers and there are various channels for receiving those orders into our ERP. MX has very few customers and MX orders are created manually using US responsibilities. Picking/Shipping/invoicing documentation etc is generated in 3rd party systems and goods are shipped from MX. Mexico then charges the US entity as Internal customer and Intercompany AR is raised by MX to recover the manufacturing cost. This AR invoice is manually posted to MX-LE.
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  • How to use two sets of books with one responsibility

    Does anyone know if it is possible to run reports in the General Ledger business area of the Oracle EUL against two or more sets of books with the same responsibility? For example, I want a regional finance manager to be able to run a Discoverer GL report for both Bolivia and Peru using their South America GL Manager responsibility. It looks like you can do that for AR using HR security profiles but I'm not sure how to do it for GL. Thanks.
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    Hi,
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  • Is there any way to change "Primary/Reporing Set of books " option in SOB

    Hi,
    Is thier any way , to change the primary/reporting set of books option , which is enabled in MULTIPLE REPORTING CURRENCY TAB in "Set of Books" winow in Financial applications.
    Once defined , I was not able to change the option.
    Rgds

    Looks like more of the functional issue.
    Sumit,
    It will be good if you can provide the link of that thread in financial forum which you replied. That will maintain the link :)
    --Shiv                                                                                                                                                                                                                                                                                                                                                                                               

  • When should I attach my own SET OF BOOKS

    Hello All,
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    It sounds like you're missing some setups.
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    Just some thoughts to check.
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    If this is a new operating unit, did you set all the profile options for a newly created responsibility prior to setup? Each operating unit will need its own responsibility.
    You might want to check the data in FINANCIALS_SYSTEM_PARAMS_ALL and ensure that your record for this particular operating unit (org_id) looks okay.
    Are you using a single business group or do multiple exist?
    I'm not sure if you are aware, but some common profile options that should be set at the responsibility level (sysadmin/profile/system -- for a particular responsibility) in a multi-org environment are:
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    Also, I'm assuming that all other setups have been performed (Purchasing Options, Chosen set of books, locations exist for the default inventory org , etc?
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  • Intercompany transactions between Multiple set of books

    Hi,
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  • Rates between set of books

    Hi,
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  • Attach Set Of Books

    Hi all,
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    Hi All,
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  • I am using R12 oracle application, where can I choose set of Book?

    Dear all,
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    Amy

    If you want to see step by step screen shots explaining how to define Primary Ledger, Operating Unit, et al in R12, please visit this portal:
    http://www.oracle-apps-training-online.com/inventory-organization-structure.html
    I keep monitoring this site and find that they are adding really good stuff one page at a time!

  • Report changes for Multiple sets of books

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    Hi Michal,
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    Edited by: Austin W on Nov 3, 2009 6:58 AM

  • How to multiple/ parellal sets of books to generate more than one financial statement based on different (or the same) accounting principles.

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