How You Manage Subledger Journal Adjustments

Subledger journal adjustments enable easier audit and reconciliation because you can store transaction information directly with journal adjustments. You can enter and complete subledger journal adjustment entries from the user interface or upload using a spreadsheet.

You can perform the following actions on your subledger journal adjustments, depending on their status:

• Edit

• Duplicate

• Reverse

• Delete

• Complete

Editing a Subledger Journal Adjustment

When editing a subledger journal adjustment, you can perform the following tasks:

• Edit the journal header information, if the status isn't Final.

• Edit and create journal lines, including accounts.

• Enter the debit, and credit amounts.

• Enter the accounting class.

• View the impact on general ledger account balances should the adjustment be completed.

• Post the journal.

  Note:

  If the Enable Posting from Subledger option is disabled or you don't have posting privilege (GL_POST_JOURNAL_PRIV), the adjustment journal is transferred to GL but not posted.

You can also edit incomplete subledger journal adjustments.

• Examples of header information which can be updated:

  • Ledger

  • Accounting date

  • Accounting period

    Note:

    If the accounting date falls in both the non-adjusting and adjusting periods, the value of accounting period on the Create Subledger Journal Entry page defaults to the non-adjusting period. You can overwrite it with the adjusting period if required.

  • Category

  • Description

• Examples of subledger journal adjustment line information which can be updated:

  • Account

  • Accounting class

  • Entered amount

  • Journal adjustment lines

  • Select supporting references and assign values to them.

• Edit default currency options to be assigned to a subledger journal adjustment.

• Edit or redefine the subledger journal adjustment description.

Duplicating Subledger Journal Adjustments

As a time saving feature, you may copy an existing adjustment.

The duplication feature is enabled for all existing subledger journal adjustments, regardless of status. It includes the ability to copy complete information required for a subledger journal adjustment header and line.

Note:

All fields can be edited when an adjustment is duplicated.

Reversing Subledger Journal Adjustments

You can reverse subledger journal adjustments in Final status. Reversal options are populated from accounting options.

• Switch debit and credit.

• Change sign.

Deleting Subledger Journal Adjustments

Oracle Fusion Subledger Accounting provides the ability to delete a subledger journal adjustment that's not in Final status. The ability to delete subledger journal adjustments ensures that users have the flexibility to correct errors without technical support.

Completing Subledger Journal Adjustments

You can complete subledger journal adjustments in Final and Post to General Ledger status.