General Ledger Business Processes

Business processes listed below are discussed in the business process section of this General Ledger documentation:

  • Create and process journal entries.

  • Create and process interunit and intraunit transactions.

  • Build summary ledgers.

  • Close ledgers.

  • Process multiple currency.

  • Create and process Average Daily Balance (ADB).

  • Create and process open items.

  • Consolidate financial data.

  • Maintain standard budgets.

  • Monitor background processes.

  • Review financial information.

  • Archive tables.

  • Generate regulatory ledger reports.

  • Create XBRL documents.

  • Generate general reports.

  • Generate federal reports.

  • Create and process allocations.

  • Generate statutory reports.

  • Create and process Commitment Control transactions in General Ledger.

  • Create and process entry event transactions.

  • Process subsystem journals using Journal Generator.

  • Import and process spreadsheet journal entries.

  • Import and process transactions from a flat file.

  • Enter and process statistical transactions.

  • Enter and process Value Added Tax (VAT) transactions.

  • Approve journal entries for processing.

  • Perform account reconciliation.

  • Run General Ledger background processes.