To adapt to business changes, you can change the description of a general ledger component value. You can also activate and deactivate components that are used in general ledger accounts.
When you reactivate an account component, you reactivate the general ledger accounts that use the component. Additionally, the Active Date field on the main Chart of Accounts window is set to the current date and time if the Active Date previously specified was in the future. If the Active Date field was set to a date in the past, that value is restored.
The Expiration Date field displays the expiration date that was previously specified if the date set is in the future. If the expiration date previously specified is in the past, that value is restored. If an expiration date was not specified, the Expiration Date field is left blank.