NATURAL ACCOUNT: Each Accounting Flexfield structure must contain only one natural account segment. When SETTING up the values, you will INDICATE the TYPE of account as Asset, Liability, Owner’s Equity, Revenue, or Expense.

• BALANCING ACCOUNT: Each Structure must contain only one balancing segment. ORACLE GL ensures that all journals balance for each balancing segment.
• COST CENTER: This segment is required for Oracle Assets. The Cost center segment is used in many Oracle Assets reports and by Oracle Workflow to generate account numbers. In addition, Oracle Projects and Oracle Purchasing also utilize the cost center segment.
• INTERCOMPANY: GL automatically uses the intercompany segment in the account code combination to TRACK intercompany transactions within a single set of books. This segment has the same value set and the same values as the balancing segment.

NATURAL ACCOUNT: Each Accounting Flexfield structure must contain only one natural account segment. When setting up the values, you will indicate the type of account as Asset, Liability, Owner’s Equity, Revenue, or Expense.