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Sub-Ledger Accounting Process For Public Sector Payables Manager

The document outlines the steps to set up sub-ledger accounting in Oracle for payables transactions. It describes defining mapping sets, account derivation rules, journal line definitions, application accounting definitions, sub-ledger accounting methods, and assigning the custom method to the primary ledger. It also provides steps to enter sample invoices, create accounting entries, and verify they transfer correctly to the general ledger.

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85 views2 pages

Sub-Ledger Accounting Process For Public Sector Payables Manager

The document outlines the steps to set up sub-ledger accounting in Oracle for payables transactions. It describes defining mapping sets, account derivation rules, journal line definitions, application accounting definitions, sub-ledger accounting methods, and assigning the custom method to the primary ledger. It also provides steps to enter sample invoices, create accounting entries, and verify they transfer correctly to the general ledger.

Uploaded by

smrane
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Sub-Ledger Accounting Process for Public Sector Payables Manager

Sub Ledger Accounting(SLA) is a Rule-Based accounting engine that defines how journals entries are generated in sub-ledger transactions in Oracle sub-ledger applications. Before we get into SLA we need to know few of the basic concepts like event types, event class etc. Event Class - classifies transaction types for accounting rule purposes. E.g. in Payables, following are possible event classes: Invoice, Debit Memo, Prepayments, Refunds and Payments. Event Type - for each transaction type, defines possible actions with accounting significance. E.g. in Payables, following are possible event classes: AP Invoice Events Validation, Adjustment and Cancellation. Similarly we will have event types for other event classes.

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Desc: Define Mapping Set Nav: Setup/Accounting Setup/Sub Ledger Accounting Setups/Accounting Methods Builders/Journal Entry Setups/Mapping Set Desc: Define ADR(Account Derivation Rules) Nav: Setup/Accounting Setups/Sub Ledger Accounting Setups/Accounting Methods Builders/Journal Entry Setups/Accounting Derivation Rules Desc: Define JLD(Journal Line Definition) Nav: Setup/Accounting Setup/Sub Ledger Accounting Setups/Accounting Methods Builder/Methods and Definitions/Journal Line Definitions

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Desc: Setup AAD (Application Accounting Definition) Nav: Setup/Accounting Setups/Sub Ledger Accounting Setups/Accounting Methods Builders/Methods and Definitions/Application Accounting Definition. Desc: Setup SAM (Sub-ledger Accounting Methods) Nav: Setup/Accounting Setups/Sub-Ledger Accounting Setups/Accounting Methods Builder/Methods and Definitions/Sub-ledger Accounting Methods Desc: Assign the custom SAM to Primary Ledger Nav: Setups/Accounting Setups/Ledger Setup/Define/Accounting Setup Desc: Enter standard Invoice and create Accounting for Invoice and verify the accounting entries Nav: Invoices/Entry/Invoices (Type of the Supplier "Supplier")

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Desc: Run Standard Request Nav: Others/Request/Run (Transfer Journal Entries to GL) (Verify the Accounting Entries) Desc: Enter standard Invoice and create Accounting for Invoice and verify the accounting entries Nav: Invoices/Entry/Invoices (Type of the Supplier "Contractor") Desc: Run Standard Request Nav: Others/Request/Run (Transfer Journal Entries to GL) (Verify the Accounting Entries)

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