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 nothing was entered in the field. 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 remains 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.