Implement Subledger Accounting

You can configure rules in Subledger Accounting to automatically transform subledger transactions into detailed journal entries. Flexible rules help define accounting policies and generate accounting for legal and corporate reporting. Reconciling accounting to transaction data enables drill down from general ledger to underlying subledgers and standard reports.

Based on your requirement, implement subledger accounting for Cost Accounting and Receipt Accounting using any of these methods.

Use Predefined Mapping Sets

For using predefined mapping sets, specify transaction attributes and account combinations.

Use Standard Implementation

Do the following to use the standard implementation:

• Create an accounting method.

• Set up user defined journal entry rule sets.

• Assign user defined journal entry rule sets to accounting method.

• Activate journal entry rule sets assignments.

• Preview accounting results.

When you use predefined mapping sets, the commonly used transactional attributes are available to you to define the accounting rules. Whereas, if you opt for the standard implementation, then you can leverage the full feature set of transaction attributes for accounting purposes.

Set up tasks are available for implementing subledger accounting for Cost Accounting and Receipt Accounting.

Along with the information provided here, see Oracle Fusion Financials, Implementing Subledger Accounting documentation for more information on the core features of Subledger Accounting.