To adapt to business changes, you can change the description
of a general ledger component value. You can also activate and deactivate
components that are used in general ledger accounts.
About this task
If you change the status of a component value to
inactive, all general ledger accounts that use that component inherit
that status. The Expiration Date field for
the associated general ledger account on the main Chart of Accounts
window is set to the current date and time. The Expiration
Date field is set to the current date and time only if
the field was previously set to a future date, or if the field was
left blank. If the field was set to a date in the past, that value
is restored.When you reactivate an account component, you reactivate
the general ledger accounts that use the component. Additionally,
the Active Date field on the main Chart of
Accounts window is set to the current date and time if the Active
Date previously specified was in the future. If the Active
Date field was set to a date in the past, that value is
restored.
The Expiration Date field
displays the expiration date that was previously specified if the
date set is in the future. If the expiration date previously specified
is in the past, that value is restored. If an expiration date was
not specified, the Expiration Date field is
left blank.
Procedure
- In the Chart of Accounts application, select the organization
for which you want to change a component value.
- Select the GL Component Maintenance action.
- In the GL Component Maintenance window,
click View Details for the component value
that you want to change.
- To change the component value, perform one of the following
actions:
- Change the description.
- Change the active status of the component value
in the Active check box. If you activate a
component value that was previously deactivated, the Activate
GL Accounts window displays. Click the Activate
Accounts check box for the component that you are reactivating,
then click OK.
- Change additional information.
- Click OK.