Understand Tasks Related to Adding a Ledger Account

After you perform your initial setup of one or more custom COAs, you can update the custom COAs from time to time by adding custom ledger accounts. You may need new accounts for ledger reporting activities. 

When you add a new account, there are several related tasks you typically perform.

At a high level, you can perform the following tasks when you add a new account that affects ledger reporting: 

1. STAR COA. Add the new ledger account to the STAR COA, as needed. 
   For more information, see Add Custom Accounts.

2. Other COAs. Add the new ledger account to other custom COAs used, as needed.
   For example, custom COAs are available for use with IFRS. For more information, see Add Custom Accounts.

3. Ledger Profiles. Add the new ledger account to the appropriate custom ledger profiles. 
   Use Ledger Item Editor to update the account in the line item's start and end accounts, and to update the formulas that include that account in calculations. 

4. Ledger Transfer Profiles. Update the fiscal year closeout rule, as needed, for custom accounts that need to close out. 
   Use Ledger Item Editor to update the custom account to the ledger transfer profile for use in year end processing. 

5. Engine Restart. Restart the engines.