Recent Posts by Adriana Bacila

Subledger Create Accounting Program or GL Journal Import may sometimes fail due to having to transfer data into GL on an invalid account - one that was recently disabled or end-dated.  To help avoid such errors, GL provides the feature of Alternate Accounts which gives the users an opportunity to setup a replacement code combination for an invalidated one, allowing the mentioned programs to continue until successful completion. How to define this setup?  Just navigate to GL >...

General Ledger's Financial Statement Generator provides the option to create a large variety of custom reports based on General Ledger balances.  Integration of Financial Statement Generator (FSG) with Report Manager and WebAdi to help publish such reports in Excel directly makes this tool even more powerful.  Recent changes in Report Manager security code have caused FSG  to no longer publish as Excel file, generating either a template instead of the report, or simply throwing...

General Ledger incorporated many features and tools to create, maintain and track budgets, supporting also a variety of budgeting methods that facilitate specific reporting. Planning and implementing budgeting setup according to the business requirements need to be done very carefully; mapping such business needs on the available features may sometimes require more dedicated time and multiple setup reviews until completion. Incorrect setup for budgeting may lead to:  overspendin...

Posting journal entries in General Ledger is the last step of the accounting cycle, transferring these entries in a final state to update GL balances and locking them for further updates. This is the main GL process that will afterwards support Reporting on the balances, Translation, Consolidation and other business specific processes. As Posting is very common activity in GL, it is very important that the concurrent requests run with reasonable performance. Posting bad...

General Ledger's Calendar is used to define 'years' from accounting perspective, allowing business users to decide on the periods and period types they would include. These may be identical or different from calendar-year perspective, meaning that they could include more than 12 periods (adjustment or non-adjustment periods), may follow a fiscal-year definition that is specific to a certain country or fiscal system, or simply match various business requirements. On setting up...

Oracle Accounting Hub Reporting Cloud Service provides excellent reporting and analytics capabilities along with real-time access to information and latest accounting numbers. Drilldown to EBS balances, journals and subledger transactions is also available.  The integration between the Accounting Hub Reporting Cloud Service and E-Business Suite Release12 continuously streams balances from EBS, providing immediate access to updated financial data supporting quick business...

General Ledger Journal Approval features ensure that journal entries get approved by the appropriate managers before they can consume available funds or be posted in order to affect balances. The batches get validated in the flow and, if approval is required, they are submitted to management personnel based on the setup configuration, notifying the proper individuals regarding the approval results. In standard processes, approval is enabled at Ledger and Journal Source level. F...

Finding correct and accurate balances in General Ledger(GL) at the end of each period and year is one of the main targets for the functional applications users and accounting departments. The GL balances are considered base for reporting purposes and also important to reveal the results and current position of the company based on the accomplishments and changes reflected by the accounts through balances. It is important to be able to rely on the trial balance reports. What if...

Oracle iSetup tool is a convenient solution to manage setups and parameters, moving setup configurations between instances as required by the business. This saves the time of rebuilding similar setups on different instances for various E-Business Suite modules ( Oracle Applications Library, General Ledger, HRMS, Payroll, Workflow and more). Questions have been raised - is iSetup able to copy data even inside the same instance? The answer is: Yes! Check this for more details: Can...