General Ledger

 


General Ledger Explorer

Part of Oracle Financials Cloud

  • AP/AR/FA/INV -> Subledger Accounting Entries -> Journal Entries -> GL Balances

  1. Create accounting
  2. Journal Import--Close Accounting Period
  3. Journal Post
  4. Calculation Manager
  5. Financial Reporting


GL Accounting Cycle

Open Period -> Create, Import and Reverse Journals -> Post Journals -> Review Balances

-> Run Revaluation and Translation( different currency) -> Perform Consolidation

-> Review Balance and Perform Reconciliation -> Run Financial Reports -> Close Period


Budgets in General Ledger

Accountants and Accounting Mangers

Financial roles - CFO

Process -Create Journal Entries

    Journal Entry Methods 


  1. Manual - Ledger Currency, Foreign Currency Journals ,Reversals , Intercompany and Copying
  2. Spreadsheets - Standard Journals and Recurring Journals
  3. Import - Oracle Subledgers- subledger accounting and Non-Oracle applications
  4. Automatic - Allocations, Reversal criteria Sets ,Revaluation and Balance Transfer.


Approve/Funds Check - Budgetary Control - Post 

Reverse 

Inquire and Report


--==================--

Journal Batch

Journal

Batch Name :Accruals and Adjustments

Only can post in open period.

Currency : Ledger Currency

Line1: Account -> Search value ( Alias Option0

Enter Amount > Desription

Enter Reconciliation references

Check Projected Balances

Adjustment : Category can be used

Allocations and Periodic Entries

Recurring Journals - Skeleton and Standard - each period

Formula - using formula component in calculation manager

Create General Ledger Allocation

Rule set

Accounting Period 

Allocation of Freight

Allocation of Bad debt

Manage Journals

Search Category

Create Journal - Spreadsheet template

Inquiring Balance

Period Close - Navigation

Balance Inquiry - Screen

Search criteria

Click on hyperlink -> Drill down even to invoice image

Save Search -> Personalise

Account 

General Accounting Dashboard

View, edit and create account groups

Comparison - Year wise Change %

Manage access

Budget to actuals comparison


Account Inspector


Inquire and Analyze Balances-> Account Inspector

Drill down in Pivot table format



--==================================--

Intercompany Transactions - General Ledger
General ledger <->Approved <-> Subledger Invoices
Intercompany processing Rules


Has a centralized intercompany setup - balancing segment.
Generates Due to and Due from journal lines automatically.
Supports multiple(3) balancing segments
Generates Intercompany accounts for cross-ledger allocations
Performs balancing when
 - Subledger journal entries are created
 - General ledger journals are posted
 
Open General accounting -> Journals
Open Tasks panel -> Create Journal
Category defines, so category: Intercompany Revenue
Enter Journal lines ( Upto 3 balancing segment possible)
I/C cost <-> I/C Revenue

Check in Manage Journals
After posting, additional journal line added , that's intercompany balancing line
based on intercompany rules being set


--=================================--

Payables and Receivables Transactions are accounted
GL Journal entries are posted to GL Ledger balances 
Reconcile Accounts using Reports
Account Analysis Reports
Payables and Receivables to Ledger Reconcilation Reports
Trial balance Reports
General Ledger Reports
Journal Reports
Tools-> Scheduled Processes
Anomalies can be checked against account analysis and Journal Reports
Analytics - AR Reconciliation , IC Reconciliation and AP Reconciliation Info lets
Period should be closed for reconciliation 

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