Creating Journal Entries for the General Ledger (Oracle Assets Help)


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Creating Journal Entries for the General Ledger

Oracle Assets creates journal entries for depreciation expense, asset cost, and other accounts. Oracle Assets automatically creates transaction journal entries for your general ledger, if you have set up the journal entry category for that transaction type for that book. Oracle Assets creates journal entries that summarize the activity for each account for each transaction type.

Prerequisite

Running Depreciation.

To create journal entries for the general ledger:

Note: If you are using Multiple Reporting Currencies (MRC), you must first create journal entries for your reporting sets of books before creating journal entries for your primary set of books. See: Multiple Reporting Currencies in Oracle Applications.

Attention: The general ledger period for which you want to create journal entries must be open.

1. Choose Journal Entries > Standard from the Navigator.

2. Enter the Book and the Period for which you want to create journal entries in the Parameters window.

3. Choose Submit to submit a concurrent process to create journal entries for your general ledger.

4. Review the log file after the request completes.

Creating Journal Entries for the General Ledger

Prerequisite

To create journal entries for the general ledger:

See Also