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TOPIC: Balancing Segment ?
#510
Charlie (User)
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Balancing Segment ? 16 Years, 1 Month ago  
Hi Hasan,

I've setup both GL and AP as outlined in your videos.
This issue is basically related to the GL.
I decided to create a NEW company '03' in my Values. Now I have company 01,02,03.
If I go now and try to create a journal using this NEW company 03... I get an ERROR.

See attached.

Can you explain WHY I need to make this Balancing segments part of the Ledger ? Why isn't it automatically part of the existing ledger ?

Thanks
File Attachment:
File Name: Bal_Seg_03_Error.doc
File Size: 88064
 
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#516
handsonerp (Admin)
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Re:Balancing Segment ? 16 Years, 1 Month ago  
If you do not explicitly define balancing segment values (BSVs) for the legal entity then all BSVs are deemed to be part of the legal entity. But when you explicitly define BSVs for legal entities as we have defined then only those BSVs could be used in the ledger. Go to your accounting setup and create a new Legal Entity for 03 or add 03 in existing Legal Entity.
 
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#522
Charlie (User)
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Re:Balancing Segment ? 16 Years, 1 Month ago  
Thanks,

I also just found out I can associate a BS with a Ledger and NOT assign the BS to any Legal Entity.

This works as well, if all I want to do is capture data in the GL without adding/needing to assign this 3rd BS to any LE.

Thank-you
 
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#524
bestyear13 (User)
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Re:Balancing Segment ? 16 Years, 1 Month ago  
To add to above text, In R12 this is the new feature that you need to add BSV to a legal entity to use it. This is due to the reason that a Ledger can be assigned to Mulitple legal entities. Therefore, we need to be specific with the BSV's the legal entities can access for data security reasons.
 
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