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Impact Of Changing the Account Type of Natural Account segment value from Revenue to Expense

edited May 19, 2025 10:15AM in General Ledger & Intercompany 1 comment

Summary:

In the current landscape of our client's environment, COA values and related information will flow from EDMCS to Fusion ERP. Now there is a requirement from Client to update the Account Type of one Natural Account segment value (410100001) from Revenue to Expense. Currently this particular account rolls up to another Revenue account parent.
There is a statutory requirement for the client to record the Depreciation Expense in a Contra-Revenue account and hence this particular Natural Account segment value was created as a Revenue account in the first place. Now when we tried creating a new asset category and when we tried to use this particular value for natural account segment of the Depreciation Expense Account, system is not allowing us to use this, saying only an Expense account should be used here. And this is the reason why client wants to change the Account Type of this particular Natural Account segment value from

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