Integrating with Oracle General Ledger (Oracle Projects Help)


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Integrating with Oracle General Ledger

Oracle Projects fully integrates with Oracle General Ledger and allows you to easily update your general ledger with project accounting activity. Oracle Projects lets you validate your expense, liability, revenue, and other accounts determined by AutoAccounting against your chart of accounts.

When you interface cost and revenue information to Oracle General Ledger, you use Oracle Projects processes which collect all eligible cost and revenue distribution lines, summarize them, and interface them to an Oracle General Ledger interface table.

After you interface cost and revenue information to the Oracle General Ledger interface table, you run the Journal Import program. This program creates journal entries for your cost and revenue transactions, which you can post to Oracle General Ledger at any time.

After you run the Journal Import program to create journal entries, you tieback cost and revenue items to Oracle Projects to ensure that all items are successfully loaded into Oracle General Ledger. If any items are rejected, you correct them and interface them again to Oracle General Ledger.

You can use standard Oracle Projects reports to reconcile your summary cost and revenue journal entries to your project accounting detail transactions. You can also use standard reports to track your expenditure items in Oracle Projects and your journal entries in Oracle General Ledger as you interface data between products.

Integrating with Oracle General Ledger

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