1. SuiteCloud Platform
  2. Customization
  3. Custom Segments
  4. Custom Segment Creation
  5. Configuring GL Impact for a Custom Segment

Configuring GL Impact for a Custom Segment

If you have applied a custom segment to transaction types or columns, the segment can have GL impact. When you enable GL Impact, segment values that are saved on transaction instances are displayed on the GL Impact page for those transactions.

If wanted, you can select the GL Impact option even when the segment is not applied to transaction types or columns. However, until you apply the segment to a transaction type or column, this option has no effect.

Any user who has permission to create a custom segment can enable GL impact for that segment. However, after the segment has been created, this option cannot be modified.

For custom segment values, if a period is closed, you cannot change custom segment values that impact GL on any transactions in the period.

GL Impact Hidden Lines

Custom segments on GL Impact hidden lines are supported to ensure appropriate financial reporting. The hidden lines get the custom segment values from the item line or transaction body, where applicable. Hidden line support ensures that GL Impact is correctly reflected for landed cost, tax lines, and currency revaluations.

Segment Values Available for Generated COGS and Revenue Lines

When a sale order or sale order item custom segment has GL impact, the appropriate GL segment value is assigned to the generated COGs and revenue GL lines to ensure appropriate financial reporting. The autogenerated COGS and revenue lines get the segment value from the item line or transaction body, where applicable, even if they belong to alternate business transactions.

Automatically-Generated Journals

Custom segments are supported on automatically-generated journals that include classification, department, and location. The following automatically-generated journals include custom segments:

  • Advanced Revenue Recognition Journal

  • Amortization Journal

  • Bill Variances Journal (SCM)

  • Collect Tegata and Pay Tegata

  • Entity Open Balance Journal Entry

  • Intercompany Elimination Journal Entry

  • Offset Journal Entry (Absolute Balance Update)

  • Recognize Gift Certificate (SCIS)

  • Revaluation Journal (FX Revaluation)

  • Revenue Reclassification Journal

  • Revenue Recognition Journal Entry

  • Time Posting to Journal Entry (PSA)

  • Transactions created during historical transaction processing (HTP)

You can apply custom segments to revenue arrangement and revenue element records, which are part of the Advanced Revenue Management (Essentials) feature.

Important:

The GL impact setting can be specified only when you create a new custom segment. After the custom segment is saved, the GL Impact option cannot be changed.

Examples

You enter a standard invoice or cash sale and set or source a GL segment value on the body, line, or both. The autogenerated COGS and revenue lines on the transaction have the same segment value.

You enter a sales order with the GL segment value on the item, and then you fulfill the item. The COGS line on the GL impact page gets the segment value from the item line. When you invoice the sales order later, the revenue line on the GL Impact gets the same segment value. Both COGS and revenue lines source the GL segment value from the sales order item line unless the user manually overwrites the values.

For more information, see GL Impact Page and Cost of Goods Sold (COGS) GL Impact.

To configure GL impact for a custom segment:

  1. Go to Customization > Lists, Records, & Fields > Custom Segments > New .

  2. Check or clear the GL Impact box as appropriate.

  3. Click Save.

Related Topics

General Notices