Change main account after transaction posted

Finance and Operations/AX User Forum
1

Hi Gurus

I have a main account which has transaction posted, not i want to add sub-main account into this main account, how to fix this problem ?

2

Can you please provide more details from business requirement standpoint.

Once the transactions is posted, you really don’t have much option. I will suggest to post journal entry, transferring balance from main account to sub account and then suspend the account for any transactions?

Pranav…

3

Hi Pranav

According to the Chinese accounting convention, the chat of account can be hierarchical as below:

1000

1000.01

1000.02

1001

1001.01

…

each main account if it has sub-account i will be changed into “Total” type, and transactions cannot be posted on these kinds of main account.

Now i have a main account which doesn’t have any sub-account, and also some transactions already been posted into this main account, but i found that i missed configuring some sub-account for it. since there are some transactions exist in this main account, seems i cannot add any sub-account for it.

So is there any recommended way to satisfy this requirement ?

thanks

4

There is no Standard solution available to cater this requirement since this is not recommended as per Accouting Practice.

The only way out to resolve this to

  1. Open a new account, where the transactions were suppose to be posted

  2. Transfer the balances from old account to new account.

  3. Close the old account.

Regards