Overview of Enterprise Structures Rapid Implementation
You can use the Rapid Implementation for General Ledger workbook template to rapidly implement these common setup objects for enterprise structures.
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Chart of accounts, including value sets, value set values, structures, and structure instances
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Account hierarchies, represented in the application through trees and tree versions
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Accounting calendars (monthly type only)
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Legal entities
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Primary ledgers with legal entity assignments to primary balancing segment values
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Business units
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Rules of generating sequential IDs for transactions recorded in the application
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Select setup objects along with their accounting specifications, for various Financial applications
Completion of the rapid implementation enterprise structure setup also automatically generates sample financial reports and account groups based on your enterprise structure. Account groups are used in reporting dashboards such as the Revenues and Expenses infolets, and the Close Monitor.
Plan your implementation carefully, considering the following requirements.
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Determine your chart of accounts segments.
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Create your segment values and hierarchies data in the specified format.
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Identify your legal entities, addresses, and business units.
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Determine the key accounts for tracking accounting activities, for example, retained earnings, cash, accounts receivable, accounts payable, and top revenue and expenses parent accounts.
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Determine your calendar start date and its periodic pattern.
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Finalize your primary balancing segment value, legal entity, and business unit relationships.
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Determine your document and journal sequencing requirements.
In the Setup and Maintenance work area, create an implementation project that includes the Define Financials Configuration for Rapid Implementation task list. Download the workbook using the Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet task.