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Oracle General Ledger. Oracle General Ledger is a comprehensive financial management solution that provides highly automated financial processing, effective management control, and real-time visibility to financial results. It provides everything you need to meet financial compliance and improve your bottom line.
Is Oracle GL in ERP?
The core features and capabilities of Oracle ERP Cloud Financials include: General Ledger: Oracle ERP Cloud Financials provides a complete and integrated general ledger solution, allowing businesses to consolidate and report financial results, meet legal and statutory requirements, and achieve business objectives.
What are the 4 Cs in Oracle GL?
Note: The 4 Cs is defined as Chart of Accounts, Calendar, Currency, and accounting Convention. If the ledger requires unique ledger processing options.
What is a ledger in Oracle?
A ledger determines the currency, chart of accounts, accounting calendar, ledger processing options, and accounting method for its associated subledgers. Each accounting setup requires a primary ledger and optionally, one or more secondary ledgers and reporting currencies.
How to create a ledger in Oracle?
Scenario In the Setup and Maintenance work area, go to the following: Offering: Financials. Click the Create icon. Complete the fields, as shown in this table. Field. Click Save and Close. Note: You cant change the chart of accounts, accounting calendar, or currency for your ledger after you save the ledger.
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When creating a general ledger, divide each account (e.g., asset account) into two columns. The left column should contain your debits while the right side contains your credits. Put your assets and expenses on the left side of the ledger. Your liabilities, equity, and revenue go on the right side.
How to create primary ledger in Oracle?
Create a Primary Ledger In the Setup and Maintenance work area, go to the following: Offering: Financials. Click the Create icon. Complete the fields, as shown in this table. Field. Click Save and Close.
How to create a journal entry in Oracle?
To enter a journal: Navigate to the Enter Journals window. Enter or query the batch for which you are entering journals. Choose Journals. Enter a unique Journal name for the entry. Enter the Period for the journal entry. Accept or change the default Effective Date for the journal entry.
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Oracle General Ledger (GL) - Finance Division
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