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Secondary Tracking Segment Feature
Secondary Tracking Segment Feature
Secondary Tracking Segment Feature
This flexfiled qualifier is used to identify the secondary tracking segment in chart of accounts to process
the income statement closing journals, translation and revaluation journals. This qualifier can be
enabled to any segment other than balancing and natural segment.
Suppose you’re accounting flexfiled have 3 segments i.e. Company, Department and Account. Company
is representing as balancing segment and department is representing as cost centre as well as secondary
tracking segment.
When you run the income statement closing journals program, the ‘Retained earnings account’ will be
tracked by a pair of balancing segment as well as department segment.
01-100-Revenue 100000
01-100-Expense 80000
1- 200-Revenue 60000
01-200-Expense 50000
01-100-Revenue 20000
01-200-Revenue 10000
In the revaluation process, the unrealized gain and lose account will be tracked by a pair of Balancing as
well as secondary tracking segment.
01-100-Assets 50000
01-100-Liability 40000
01-200-Assets 30000
01-200-Liability 50000
In the Translation process, cumulative translation adjustment account will be tracked by the pair of
Balancing segment as well as secondary tracking segment.
For example, you have the below journals to be translated into different currency to consolidate the
balances for reporting purpose.