Ledger Balancing Segment Value Assignments

Optionally assign specific balancing segment values to ledgers to track non-legal entity-related transactions or adjustments using a specific balancing segment value.

Note: Assign specific balancing segment values to all legal entities in an accounting setup before assigning a specific balancing segment value to the ledgers in the accounting setup.

Balancing segment values can be added to ledgers at any time.

To assign balancing segment values to ledgers:

  1. Navigate to the Accounting Options page.

  2. Click the Update icon for the Balancing Segment Value Assignments step.

  3. View the balancing segment values assigned to the legal entities associated with the accounting setup in the Legal Entity Assignment region.

    Additional Information: Updating Balancing Segment Values

  4. In the Ledger Assignment region, enter a balancing segment value.

    Note: The value cannot be the same as the balancing segment values assigned to the legal entities.

  5. Optionally, enter a start and end date to make the value effective for a limited time.

    Note: This step does not have to have a status of Complete in order to complete the accounting setup.

To remove balancing segment values:

Balancing segment values can only be removed from ledgers before the accounting setup is complete.

  1. Navigate to the Ledger Balancing Segment Value Assignments page. You access this page by updating the Balancing Segment Value Assignments step for the ledger.

  2. To remove balancing segment values, click the Remove icon for each balancing segment value.

To disable balancing segment values:

Disable balancing segment values by entering an end date for the value. You cannot use the balancing segment value to enter new transactions or journals after the end date. You can only use the value for reporting and viewing historical data.

  1. Navigate to the Ledger Balancing Segment Value Assignments page. You access this page by updating the Balancing Segment Value Assignments step for the ledger.

  2. To disable a balancing segment value, enter an end date.