How Federal Financials Enhances Receivables

Use U.S. Federal Financials to generate federal budgetary accounting for receivables activities that's compliant with the guidelines laid down in the United States Standard General Ledger (USSGL) maintained by the US Department of the Treasury.

Receivables accounting for federal government transactions has two parts: proprietary and budgetary accounting. Proprietary accounting uses the standard Oracle Receivables subledger accounting rules while budgetary accounting uses the predefined federal-specific subledger accounting rules. The Create Accounting process creates the budgetary and proprietary accounting data and transfers it from Receivables Accounting to Subledger Accounting (SLA) and to General Ledger.

You can generate federal budgetary accounting for the following transaction types:

• Invoice
• Adjustment
• Debit memo
• Credit memo
• Standard receipt
• Miscellaneous receipt