What is subledger accounting in Oracle R12?

Subledger Accounting (SLA) is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite products in R12. Subledger Accounting is not a separate product in itself.

What is subledger accounting method?

The Subledger Accounting program uses the business flow class to identify the journal entry line in the initial stage of the business flow from which current journal entries copy certain journal entry values.

What is sub ledger in Oracle?

Overview of Subledger Accounting (SLA) SLA is a common rule-based accounting engine used by Oracle products that posts accounting entries into Oracle General Ledger. Rules are user defined, and reside in a common repository for all subledger applications such as Oracle Cost Management.

How are subledger applications transferred into the ledger Oracle?

The process that allows transfer of subledger journal entries to general ledger uses separate processing workers that are specialized in general ledger transfer. A lightweight general ledger transfer parent process is used to distribute the workload to the workers.

What is account derivation rule in Oracle r12?

Account derivation rules are used to determine the account combinations for subledger journal entries. You can define various rules in te AMB to determine how a journal entry account is derived. You can derive accounts segment by segment or as a complete account combination.

Can a subledger be attached to multiple ledgers?

Each accounting setup requires a primary ledger and optionally, one or more secondary ledgers and reporting currencies. Reporting currencies are associated with either a primary of secondary ledger. The number of ledgers and subledgers is unlimited and determined by your business structure and reporting requirements.

What are the two types of ledger?

General Ledger – General Ledger is divided into two types – Nominal Ledger and Private Ledger. Nominal ledger gives information on expenses, income, depreciation, insurance, etc. And Private ledger gives private information like salaries, wages, capitals, etc.

What is a sub ledger journal?

Accounting distributions let a user define how amounts on a source document affect account balances, such as ledger accounts in General ledger or projects. A subledger journal entry is the accounting entry that is created for a source document.

What is subledger report?

A subledger reports summary amounts to the general ledger. A subledger represents smaller categories within a company’s financial information. A subledger does not have its own trial balance report. A subledger is a subset of the general ledger that organizes accounts with a large number of individual transactions.

How do you reconcile subledger to General Ledger?

The reconciliation process involves the following steps:

  1. Compare the entries in the general ledger to those in the subledger.
  2. Identify the differences between the subledger and general ledger, decide if a correction is necessary, and in which of the two the correction should be recorded.

What is the transfer from journal to ledger?

Posting
Posting is the process of transferring the entries from the books of original entry (journal) to the ledger. In other words, posting means grouping of all the transactions in respect to a particular account at one place for meaningful conclusion and to further the accounting process.