What is the impact on an FSG for net income when a Liability account have been setup with the type of Expenes?
The User guides states 'Changing the account type does not change the account type of existing GL accounts.'
If we go an update the accout type from Expense to Liabiltiy, does this mean the account is marked as expense and we have to create a new one?
when defining GL account values in Segment values screen you'll have to enter account type
defining it as asset, liability and so on.
When using this account value in a gl code combination, the account type of the gl code
combination is "inherited" from Segment value defined before.
When changing account type in segment value the change is not going to be rolled forward
on code combinations created before.
thanks for the response, however, I was told that this program won't change the type that was assigned to the code combination. Since the combination was created as an expense, even if you run this program, the CCID will remain Expense untill you run a sql script to change it to liability. One would also need to journal out the balances on the account too. any thoughts?