How to Enable FCCS Balance Account

The basic Accounting formula is Total Assets = Total Liabilities + Total Equity.

The seeded account FCCS_Balance in FCCS application is designed to temporarily house the imbalance in the basic Accounting formula at Entity Currency. By default, this seeded account is Disabled for all Scenarios.

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To enable this account, open the Balance the Balance Sheet screen located at:

Application> Consolidation> Local Currency > Balance the Balance Sheet

Note that by default FCCS_Balance is disabled for all base Scenarios. To enable it for specific Scenarios, such Scenarios must be listed as an exclusion to the Disabled Scenarios. This can be done by:

  1. Click Disabled Scenarios
  2. Select Add Exclusion
  3. Edit Exclusion and select the Scenarios you would like FCCS_Balance to be enabled.
  4. In the example below, we added Actual as the Scenario where FCCS_Balance is enabled
  5. Click the icon to the right of Disabled Scenarios to save the change

About the Author

I have a bachelor's degree in Accounting, MBA, and CPA. I have 6 years experience in HFM/FDMEE involving manufacturing, service, and marketing industries.

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