U.S. Federal Receivables Accounting

Generate federal budgetary accounting that complies with the U.S. Standard General Ledger (USSGL) requirements for Receivables transactions including invoices, debit memos, credit memos, miscellaneous receipts, receipts, and adjustments.

The US federal government specifies a consistent way for departments and agencies to account for money spent and collected. Accounting rules are specified in the USSGL to manage government finances including money collected from the delivery of goods and services processed through accounts receivables. Use this feature to generate accounting for Receivables transactions in compliance with federal accounting rules.

Accurately account for Receivables transactions based on the USSGL.

Steps to Enable

U.S. Federal Financials must be enabled.

Tips And Considerations

No specific tips and considerations needed.

Key Resources

• For more information on Receivables accounting, refer to the Implementing U.S. Federal Financials and using U.S. Federal Financials guides.

Access Requirements

To use this feature, you need the following privilege:

• Manage Federal Financials Setup (ORA_FV_MANAGE_FEDERAL_FINANCIALS_SETUP)

The privilege listed above is included in the following predefined job role:

• Financial Application Administrator (ORA_FUN_FINANCIAL_APPLICATION_ADMINISTRATOR)

If you use custom roles instead of the predefined job role above, you must assign the Manage Federal Financials Setup privilege to your custom roles to use this feature.