General Ledger Implementation Guide - Configuring the Application

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General Ledger Implementation Guide Introduction

The table below shows the tasks to set up the Oracle General Ledger. Tasks are to be performed in the order shown, as many tasks use predecessor tasks for data validation. For more detailed information on setup and configuration, go to the Financial Implementation Guide page.

General Ledger Setup Steps

The following section lists all the setup tasks for an Oracle General Ledger implementation and briefly describes each task. The tasks should be performed in the order discussed here.

Step No.	Required	Step	Reference
1.	Required	Define the chart of accounts.	Common Applications
2.	Optional	Define Cross-Validation Rules to prevent certain account combinations from being created.	Common Applications
3.	Optional	Define a chart of accounts mapping to map two or more charts of accounts. The chart of accounts mapping is used by Accounting Setup Manager to complete the setup steps for secondary ledgers, and by the Global Consolidation System (GCS) to consolidate data between ledgers.	Common Applications
4.	Optional	Define Descriptive Flexfields.	Common Applications
5.	Optional	Define the accounting period types. General Ledger has pre-installed period types.	Common Applications
6.	Required	Define the accounting calendar. Review the Calendar Validation report to note common setup errors.	Common Applications
7.	Optional	If you plan to use average balance processing, define a transaction calendar and valid business days for that calendar. The transaction calendar ensures that journals created in Oracle General Ledger and Oracle Subledger Accounting (SLA), if used, will be posted on valid business days. (SubLedgerAccounting)	Common Applications
8.	Required	Define the currency for ledger and define or enable any reporting currencies for the application.	Common Applications
9.	Required	Define conversion rate types and conversion rates, such as daily rates and historical rates.	Common Financials
10.	Optional	Define additional Journal Entry Sources. If average balance processing is enabled, specify an Effective Date Rule for each journal source defined.	Oracle General Ledger
11.	Optional	Define additional Journal Categories.	Oracle General Ledger
12.	Optional	Define Journal Reversal criteria.	Oracle General Ledger
13.	Required	Define an accounting setup using Accounting Setup Manager to combine legal entities, ledgers, reporting currencies, Subledger Accounting Methods, and other setup information. Prior to entering transactions and journal entries to ledgers, all the ledger options must be complete for all ledgers assigned to an accounting setup, and the accounting setup status must be complete. Define additional Journal Entry Sources and Categories. If Average Balance Processing has been enabled, specify an Effective Date Rule for each Journal Source defined.	Oracle General Ledger
14.	Optional	Define Ledger Sets to Group Ledgers that share the same chart of accounts and accounting/calendar/period type combination to take advantage of processing efficiencies, such as opening and closing periods across ledgers in a ledger set.	Oracle General Ledger
15.	Optional	Define data access sets to secure read and write access to ledgers, balancing segment values, and management segment values for one or more ledgers.	Oracle C
16.	Required	Assign a ledger to the profile option Oracle General Ledger Name for each Oracle Subledger. This profile option controls the ledger chart of accounts that each Subledger will use for transaction processing.	Oracle General Ledger
17.	Required	Assign a data access set to the profile option GL: Data Access Set for each General Ledger responsibility.	Oracle General Ledger
18.	Optional	Define Definition Access Sets and assign them to responsibilities. After securing definitions, the Definition Access Sets can be assigned to responsibilities.	Oracle General Ledger
19.	Optional	Define account combinations that can be used for data entry if Dynamic Insertion is not enabled on the chart of accounts structure.	Oracle General Ledger
20.	Optional	Define and assign document sequences.	Oracle General Ledger
21.	Optional	Define Employees.	Oracle Human Resources Management System
22.	Optional	Set up Journal Approval.	Oracle General Ledger
23.	Optional	Define one or more of the following accounts: Suspense accounts, Statistical Units of Measure.	Oracle General Ledger
24.	Required	Define transaction codes for a Public Sector General Ledger.	Oracle General Ledger
25.	Optional	Create summary accounts.	Oracle General Ledger
26.	Optional	Set up Automatic Tax Calculation if Oracle Receivables and Oracle Payables are not installed.	Oracle General Ledger
27.	Optional	Define automatic posting criteria.	Oracle General Ledger
28.	Optional	Define encumbrance types.	Oracle General Ledger
29.	Optional	Set up Budgets.	Oracle General Ledger
30.	Optional	With budgetary control, define one or more budgetary control groups.	Oracle General Ledger
31.	Optional	Define Security Rules.	Oracle General Ledger
32.	Optional	Set up General Ledger profile options.	Oracle General Ledger
33.	Optional	Open an accounting period.	Oracle General Ledger
34.	Optional	Set up the Global Consolidation System (GCS).	Oracle General Ledger

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• Related: Accounting Setup, Attachments to General Ledger, Auditability, Budgetary Accounting, Cash Management, Chart of Accounts, Data Security, e-Business Tax, Encumbrance Accounting, Enterprise Performance Foundation, FinancialConsolidationHUB, Financial Implementation Guide , Global Intercompany, General Ledger Implementation Guide, Global Consolidation, Improved Processing Efficiency, Internal Control, Journal Entry, Milti-Currency, Multi-Organization, Oracle Payments, Other Minor General Ledger Features, Subledger Accounting, Federal Financials, Public Sector Financials, Public Sector Budgeting, Oracle Treasury, Oracle Loans, General Ledger Online Inquiries General Ledger Financial Reporting

This Topic Is Referenced By These Topics:
Related Links: AccountingSetup, AttachmentsGeneralLedger, AuditAbility, DataSecurity, FederalFinancials, FinancialImplementationGuide, GeneralLedger, GeneralLedgerImplementationGuide, GLFinancialReporting, GlobalIntercompany, GLOnlineInquiries, InternalControl, JournalEntry, MultiOrganization, OtherMinorGLFeatures, PublicSectorFinancials, PublishDocControlReport, WebStatistics

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Original Author: BillDaley - 14 Mar 2007