Identify a Transaction Date for Processing Subledger Accounting Transactions

Oracle Fusion Cloud Financials uses supporting references to capture additional data in subledger journal entries at the line level. You can set up a supporting reference to capture a transaction date in journal entries for each subledger that contains your joint venture financials.

Make sure to set up a supporting reference to capture the transaction date in all event classes in subledger accounting that contain transactions for your joint ventures. For example, in the same supporting reference, you can define a transaction date for journal entries entered into various subledgers, such as Payables, Receivables, Expenses, Payroll, and so forth.

Supporting references are part of accounting methods in Oracle Financials. Accounting methods contain “journal entry rule sets” that determine how subledger journal entries are entered into each subledger account. You associate supporting references to journal entry rule sets to capture additional data in journal entries.

As you work through the tasks described here, refer to Manage Accounting Rules for more information about accounting methods, journal entry rule sets, and supporting references.