1. Using U.S. Federal Financials
  2. Subledger Accounting

Subledger Accounting

You can use U.S. Federal Financials to generate federal accounting that's compliant with the guidelines laid down in the United States Standard General Ledger (USSGL) maintained by the U.S. Department of the Treasury.

Subledger accounting is an intermediate step between each of the subledger applications and the General Ledger. Use the Subledger Accounting application for these activities:

  • Complete your accounting process.

  • Create the final accounting for subledger journal entries.

  • Transfer the accounting to General Ledger.

Procurement and Payables Accounting

US federal entities use Oracle Subledger Accounting to perform budgetary and proprietary accounting for activities related to requisitions, purchase orders, invoices, and payments. Oracle U.S. Federal Financials lets you use predefined payables-related and procurement-related accounting methods in the integrated Subledger Accounting application. These accounting methods include accounting rules.

Receipt Accounting

Subledger Accounting includes a set of programs that can generate accounting for the Deliver to Expense event class receipts. Rules in Subledger Accounting can be defined for line types, descriptions, and accounts to store on journal entries. The Subledger Accounting rules setup enables the Create Accounting process to accept the default accounting information from Oracle U.S. Federal Financials without changes.

Subledger Accounting setup is used to perform extra accounting events during the Deliver to Expense event class receipt activities. U.S. Federal Financials predefines multiple accounting definitions related to the Deliver to Expense event class receipts which include account derivation rules. The accounting definitions are preconfigured to meet a federal agency's specific accounting requirements for the Deliver to Expense event class receipts.

Receivables Accounting

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

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