, , , , , , , , , , ,

GL Accounting Cycle and Integration

General Ledger Accounting Cycle:
1. Open Period
2. Create/Reverse journal entries
3. Post Journals
4. Review
5. Revaluate/Translate
6. Consolidate
7. Review/correct balances
8. Run reports
9. Close the periods

Integration of General Ledger with other modules:

Oracle General Ledger integrates with other modules. Following is the list of modules along with the details that flow to the General Ledger.
1. Payables sends Invoices, payments, adjustments, realized gain/loss on foreign currency and invoice price variance to GL.

2. Receivables sends invoices, payments, adjustments, debit memos, credit memos, cash, charge backs and realized gain and loss on foreign currency to GL.

3. Assets sends capital and construction in process asset additions, cost adjustments, transfers, retirements, depreciation and reclassifications.

4. Purchasing sends accruals or receipts not invoiced, purchase orders, final closes and cancellations.

5. HRMS sends employee details.

6. Payroll sends salary, deductions and tax information.

7. Inventory sends cycle counts, physical inventory adjustments, receiving transactions, delivery transactions, delivery transactions, intercompany transfers, sales order issue, internal requisitions, sub-inventory transfers and Cost of Goods Sold.

1 reply
  1. geeta sharma
    geeta sharma says:

    C-p-a.biz offers accounting services and sources to meet all of your CPA and economical control needs, whether you are searching for a full-time, short-term or contracted interim CPA. All of your bookkeeping business accounting obligations can be managed easily and successfully using DAS accounting and accounting sources. We can offer your company with cpa online accounting and accounting services from our group of top accounting and economical control skills.

    Our top cpa firms contracted small business accounting services are designed to save your company some time to earn you more money. Once you choose DAS, we offer continuous chief financial officer support to you through your own devoted group of contracted accounting professionals. We offer as much or as cpa placement help as an organization needs to sustain a powerful, useful accounting division that fits the economical control needs of a company. We identify economical supervisors hold an important and raised part in business government. On the online bookkeeping services firms offer the same assistance as the more traditional standard entry level accounting jobs. Customers can get in touch with their online outsourced cpa financial advisor through telephone, email, live talk and post.
    We display bookkeeping for dummies interest and drive in our tasks, we are practical and impressive in our actions, and we try that all of our careers in finance actions generate value to both our clients and the company. We are exclusively capable and motivated to make sure stakeholder passions are properly healthy, secured and maintained. We always make sure a very great standard of work from tax cpa certified staff and because our procedures are very efficient, our clients receive an excellent accounting assistance that does not hurt your wallet.


Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *