|
|
|
|
|
||
| Previous | Next | Contents | Library |
All transactions are accounted in subledgers. Transfer to General Ledger can be done in summary (advisable) or in detail.
A subledger accounting entry is created each time a document such as an Invoice, Payment, etc. changes state. A change in state or accounting event is associated with an event type that creates an accounting entry that consists of one accounting entry header and two or more accounting entry lines. Each subledger accounting entry is created according to the business rules linked to the specific event type.
Miscellaneous transactions related to control accounts are now entered through subledgers. Subledger balances are maintained for all customers/suppliers via control accounts. Entries or updates to control accounts cannot be made through General Ledger; these transactions are incorporated in customer/supplier balances if they are entered at that level and are printed on all subledger reports and daily journal books.
Enhanced Subledger Accounting Process
Enhancements such as negative debits and credits are made possible in subledger accounting. One accounting event can be accounted across multiple sets of books, different chart of accounts, different calendars, and multiple currencies each using a different set of rules.
Accounting entry enables the following features:
Granularity of accounting entry lines as defined by rules
Inter-balancing accounting per event
Gain and loss accounted per accounting entry
Enhanced Sequential Numbering
Subledger accounting entries are sequentially numbered according to event types and their assignment to a journal book. You can set up journal books across subledgers, such as a Cash Journal Book. New event types supported by subledger accounting include adjustments in Oracle Payables and remittances in Oracle Receivables.
Statutory Reports
The reporting capability for the Global Accounting Engine includes page break subtotals, carry forward amounts, and account inventory type reports. Subledger balances and trial balances are printed by liability/receivable account and by supplier/customer name.
Included among subledger daily journal books (Journaux, Libro, Diario) are:
Sales Journal Book
Purchase Journal Book
Miscellaneous Journal Book
Cash Journal Book
Third Party Audit and Fiscal Control Reconciliation
The transfer from Subledger to General Ledger consists of transferring subledger accounting entry lines
through a common journal per application (Journal de Centralisation). You can complete this transfer in either in a summarized or detailed format. Drill down from the General Ledger accounting entry line to the subledger accounting entry line(s) and further throughout each corresponding document or transaction. You can secure control accounts to provide a certified audit trail. Country-definable accounting entry line descriptions such as supplier/customer fiscal number, voucher number, agreement number, and reason code are printed consistently across all standard reports.Multi Reporting Currency (EURO)
Global Accounting Engine is enhanced to support both EURO and Multi Reporting Currency.
Posting is synchronized across all of your set of books, and all subledger reports are available in each currency.
AX Setup Subledgers
You can now use the Setup Subledgers window to assign rules to your set of books and to define defaults for the Posting Manager.
Project Manufacturing Support
Global Accounting Engine is now available for Project Manufacturing users.
Cash Management Support
Global Accounting Engine is now available for Cash Management users.
Non Permanent Inventory
Global Accounting Engine now supports an enhanced accounting method for Periodic Inventory Accounting.