System accounts

System accounts are posting accounts that are used for system-generated entries. You define system accounts for the finance enterprise group that are shared by all accounting entities in the finance enterprise group.

This table shows the system accounts that you can create:


System accounts	Description
Retained Earnings	The retained earnings account is used to hold the accounting entity's net income or net loss from its inception. This type of account is required for fiscal year end closing.
Undistributed Retained Earnings	The undistributed retained earnings account stores the net income or loss by period. This account is updated any time you post journal entries to the general ledger. When you run year-end closing, the amount in this account is cleared and posted to the retained earnings account. This type of account is required for fiscal year-end closing and journal posting. Note: The undistributed retained earnings account is included on the Balance Sheet to reflect the net income or loss for the period. This account keeps the Balance Sheet in balance.
Error Suspense	The error suspense account keeps an accounting entity in balance by balancing out-of-balance journal entries.
Auto Balance	If an accounting entity in your finance enterprise group uses the auto balancing option, you must define an auto balance account. Auto balance accounts are used to store report currency transactions that are not in balance and auto-balancing adjustment entries.
Realized Gain Realized Loss or Realized Gain And Loss	Realized gain and loss accounts are used to post realized gains or losses that result from currency revaluation of closed transactions. The closed transactions are posted to accounts that are defined to be subject to revaluation. If you do not use currency revaluation, you are not required to define these accounts. You can use the same account for both realized gain and realized loss.
Zone Payables Zone Receivables or Zone Payables and Receivables	You must define zone payables and zone receivables accounts if: Your finance enterprise group uses zone balancing for accounting units, or You finance enterprise group uses zone balancing for the first dimension in the finance structure These zone payable and receivable accounts are used to store balancing entries that are required to keep the zones in balance. You can use the same account for both zone payables and zone receivables.
Inter Entity Payables Inter Entity Receivables or Inter Entity Payables And Receivables	If you create inter entity relationships between your accounting entities, then you must define inter entity payables and inter entity receivables accounts. These accounts are used to store balancing entries that are required to keep the accounting entities in balance. You can use the same account for both inter entity payables and inter entity receivables.
Translation gain Translation loss or Translation Gain and Loss	Translation gain and translation loss accounts are used to post gains or losses that result from currency translation. If you do not use currency translation, you are not required to define these accounts. You can use the same account for both translation gain and translation loss.
Unrealized gain Unrealized loss or Unrealized Gain and Loss	The unrealized gain and loss accounts are used to post unrealized gains or losses that result from currency revaluation of open transactions. These transactions are posted to accounts that are defined to be subject to revaluation. If you do not use currency revaluation and translation for the finance enterprise group, then you are not required to define these accounts. You can use the same account for both unrealized gain and unrealized loss.