A client is implementing Fusion Accounting Hub for their external receivable system. The external
system sends invoices billed and cash receipts in a flat file along with the customer classification
Information. The client wants the accounting amounts to be tracked by customer classification, but
NOT necessarily in a Chart of Accounts segment. How can this be solved?
A.
Use supporting references to capture customer classification.
B.
Capture it as a source and develop custom report.
C.
Change the Chart of Accounts structure to include customer classification; there is no other
option.
D.
Use the Third Party control account feature.
E.
Use Open account balances listing.
Explanation:
You can store balances based on business dimensions outside your chart of
accounts using
supporting references. In other words, supporting references extend your chart of accounts
without cluttering your general ledger with unnecessary detail. For example, you can store
balances based on geographies, channel, industry, investment type, fund manager or product
category without including these key business dimensions in the chart of accounts. These
balances are stored in the accounting repository, readily available for reporting and analytics
Oracle Fusion Accounting Hub, Oracle Data Sheet.