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Docslide - Us - General Ledger Setup Steps in Oracle Applications

This document outlines 13 steps for setting up the general ledger in Oracle Applications: 1. Define GL responsibilities and users 2. Enable currencies and define organization structures 3. Set up key flexfields like charts of accounts and calendars 4. Define sets of books and link them to charts of accounts, currencies, and calendars 5. Set profile options 6. Open accounting periods Once setup is complete, journals, allocations, budgets and financial statements can be generated.

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54 views

Docslide - Us - General Ledger Setup Steps in Oracle Applications

This document outlines 13 steps for setting up the general ledger in Oracle Applications: 1. Define GL responsibilities and users 2. Enable currencies and define organization structures 3. Set up key flexfields like charts of accounts and calendars 4. Define sets of books and link them to charts of accounts, currencies, and calendars 5. Set profile options 6. Open accounting periods Once setup is complete, journals, allocations, budgets and financial statements can be generated.

Uploaded by

devender143
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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General Ledger Setup Steps In Oracle Applications

Step 1 : Define GL Responsibility


System Administrator =>security=>responsibility.
Step2 : Define GL User
System Administrator => security=>user
Step3 :-Assign GL and Sysadmin Responsibility to User.
Step4:-select profile option (HR: User Type) to HR With Payroll User.
Step5: Enable Currency
Define Currency and Enable Currency:GL Super User Responsibility =>setup=>currencies =>define.
Step 6:- Define Organization Business Group & add Business Group Information Also.
Make your Organization HR Organization also.
Responsibility: India HRMS Manager.
Work structure=>organization=>Description
Create Location If Required.
Responsibility: India HRMS Manager.
Work structure=>Location.
Add Business Group Information.
Create Competence flex field structure required to enter in Business group information.
Step 7:- Set profile option HR Security Profile.
Step 8:- Define Key Flex field (Chart Of Accounts In GL).
Define value sets for segments.
Define segments and assign value sets.

Assign qualifiers to value sets.


Freeze and compile.
Responsibility = > system administration => application => segments
Flex field Qualifiers:Creating VALUE SETS for segments and Enter the Segment values:Step 9:- Calendars.
Define calendars Type.

GL Super User Responsibility =>setup=>financials=>calendars=>types


Define calendar Accounting.

GL Super User Responsibility =>setup=>financials=>calendars=>accounting.

Step 10:- Define Set of Books.

GL Super User Responsibility => setup=> financials =>books=>define.

Link Chart of Account, calendar & currency.


Here we enter the Retained Earnings Account which
means the profit and loss account.
No user can pass the direct entry in this account.

Step 11:- Define Organization (India HRMS=> organization => Description.)


Legal Entity (also legal entity additional information=>legal entity accounting
set to newly created set of books name), Operating Unit.
Step 12 :- Set profile options.
System administrator => profile => system.

MO: Operating Unit


GL Set of Books Name
Sequential Numbering.
Step 13:- Open accounting period.
Once these setup steps are performed, we can
Enter Journals
Post Journals
Reverse Journals
Enter Mass allocation.
Create Budgets
Use FSG ( financial statement Generator.)

GL Flow
GENERAL LEDGER
1. Creating Journal (Batch, Header and Lines).
2. Creating Code Combination,
3. Creating Journal Source
4. Creating Journal Category
5. Understanding Accounting Period,
6. Understanding Key Flexfileds,
7. Understanding Descriptive Flex fields
8. Understanding Setup of General Ledger
9. Understanding Account Inquiry form
10. Understanding GL Interface Program - Journal Import
11. Understanding Chart of Accounts.
12. Understanding Set of Books
Once you create a journal look for the data in below mentioned tables
Journal contains a Batch - GL_JE_BATCHES,
Header -GL_JE_HEADERS
Lines - GL_JE_LINES,
Once you create a Code Combination look for the data in GL_CODE_COMBINATIONS
Once you understand Account Inquiry Form look for the data in
GL_BALANCES
Once you create a Journal Source look for the data in

GL_JE_SOURCES
Once you create a Journal Category look for the data in GL_JE_CATEGORIES
Once you understand Accounting Period then check the data in
GL_PERIODS,
- GL_PERIOD_STATUSES, Once you understand Chart of Accounts structure then look for the data in,GL_CHART_OF_ACCOUNTS
Once you understand Set of Books structure then look for the data in
- GL_SETS_OF_BOOKS
Once you understand GL Interface program then check tables
- GL_INTERFACE
- GL_IMPORT_REFERENCES
Go through the all the above tables again and again and be conversant about the joins.

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