1. Accounting Foundation Cloud Service Core Functions
  2. Balance Reconciliation
  3. Configure Type of Reconciliation
  4. Type Configuration
  5. General Ledger to Management Ledger

15.4.1.2 General Ledger to Management Ledger

Management Ledger refers to an entity with detailed GL balances based on number of COA segments chosen, often referred to as thick GL. In this setting, the Balance Computation engine output data is tagged as Management Ledger data.

In AFCS, the Management Ledger Reconciliation compares Source GL Data with Target revalued balance of the Balance Computation engine. While the source GL data is ingested from Accounting Hub Cloud Service (AHCS), target data is output for the Balance computation engine. GL Level Definition is only enabled during management ledger reconciliation.

The Reconciliation Type General Ledger to Management Ledger helps reconcile such balances. Navigate to Reconciliation Type to see the out of the box configuration of this type of reconciliation.

In the General Ledger to Management Ledger (GL to ML) reconciliation, the difference between two sources of the Ledger for the same Legal Entity and the Consolidation Type is identified. This difference is identified at the granularity of the GL code for the selected hierarchy, mandatory dimensions, and the selected optional dimensions. Adjustments are not passed in this reconciliation. Additionally, the difference is identified by comparing the Source Ledger with the Target Ledger to ensure that all the GL codes’ amount is covered to calculate the difference.

A Legal Entity in the bank can maintain the same GL data (either solo or consolidated) in one or more source systems. If GL data is maintained in the multiple source systems, then it is essential to compare the GL balances among such GL sources to ensure that all GL sources reflect accurate and uniform balance. Any difference between two GL source systems is expected to be rectified outside the framework. Reconciliation definition is applied at Legal Entity Level: Solo or Consolidated.

Note:

The predefined dimensions such as Project Code, and Ledger Identifier are applicable only for General Ledger to Management Ledger Type Configuration.

Note:

The Adjustment Entry is not passed in the GL to ML reconciliation.

Note:

The Management Ledger Period Balance is included in the data model of the AFCS Reconciliation Framework. This table is used as a Target Ledger table. The Preparation Management Ledger Period Balance is a single table to store the thick ledger of the bank and it is already configured.
Topics:
  • Settings
  • Dimensions