General Ledger

Oracle General Ledger:

                Oracle general ledger is the central repository accounting information. The main purpose of general ledger system is to record financial activity of a company and to produce financial and management reports to help people inside and outside the organization make decisions.   

General Ledger Accounting cycle:           

1.       Open Period

2.       Create / Reverse Journal entries

3.       Post

4.       Review

5.       Revalue

6.       Translate

7.       Consolidate

8.       Review /Correct Balances

9.       Run accounting report

10.   Close accounting period

Oracle General Ledger Integrates With:

                        Financials:

§  Payables

§  Receivables

§  Assets

§  Purchasing

§  Projects

§  Treasury

§  Property manager

§  Lease management

HRMS:

o   Human Resource

o   Payroll

Manufacturing:

v  Inventory

v  Work in process

v  Labor distribution

Public Sector:

Ø  Grants accounting

Ø  Public sector budgeting

Ø  Public sector financials

Ø  Federal financials

Business intelligence/Analytic Solutions:

ü  Financial consolidation hub

ü  Enterprising planning and budgeting

ü  Oracle financials service application

ü  Daily business intelligence

ü  Activity-Based management