What is subledger period close Exceptions Report?
What is subledger period close Exceptions Report?
The Subledger Period Close Exceptions Report lists all accounting events and. journal entries that fail period close validation. This report helps in. resolving exceptions quickly so that exceptions are not left to slow down the. period-end close.
What are the three exceptions in the payables period close Exceptions Report?
The types of exceptions reported are: Unaccounted invoices. Unaccounted payment activity. Bills payable requiring maturity event and accounting.
What is subledger accounting 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.
What is Period Close exception report?
Use the period close exception reports to identify transactions that have not been fully processed, and that would prevent you from closing the PA period. These reports are commonly used when you are preparing to close a PA period.
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.
How does subledger accounting work?
A subledger or subsidiary ledger provides the details that make up the balance of specific general ledger accounts. Because general ledger accounts only provide an ending balance for each particular account, a subsidiary ledger is used to provide the details that result in that general ledger balance.
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 a subledger in accounting?
A subledger is a ledger containing all of a detailed sub-set of transactions. The total of the transactions in the subledger roll up into the general ledger. For example, a subledger may contain all accounts receivable, or accounts payable, or fixed asset transactions.
What is the difference between GL and subledger?
The key difference between General Ledger and Sub Ledger is that General ledger prepared by the company is the set of the different master accounts in which the transactions of the business are recorded from the related subsidiary ledgers, whereas, Sub ledger act as an intermediary account set that is linked with the …
How do you reconcile subledger to general ledger?
The reconciliation process involves the following steps:
- Compare the entries in the general ledger to those in the subledger.
- 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.
How is subledger linked to GL?