Source of earnings accounts - setup

To set up the source of earnings accounts, use the following sessions:

• Chart of Accounts (tfgld0508m000)

  Define the source of earnings accounts required to support your information needs. The accounts must be Profit & Loss accounts and cannot be used as control accounts or have other specific functions. Statutory and complementary source of earnings accounts must correspond to the statutory and complementary Profit and Loss accounts.

  If you select the Dimension Accounting on Retained Earnings check box in the Finance Company Parameters (tfgld0503m000) session, set the dimension usage of the source of earnings accounts to Optional.

• Finance Company Parameters (tfgld0503m000)

  In the Balancing Method field, select Source of Earnings.

• Source of Earnings (tfgld0138m000)

  Define the sources of earnings and the corresponding ledger accounts for the balancing of the Profit and Loss accounts.

• Chart of Accounts (tfgld0508m000)

  For newly defined and existing Profit & Loss accounts, in the Source of Earnings field, select the source of earnings for the Profit and Loss ledger account.