What is general ledger in Oracle Apps?
Oracle® General Ledger is a comprehensive financial management solution that provides highly automated financial processing, effective management control, and real-time visibility to financial results. It provides everything you need to meet financial compliance and improve your bottom line.
What is general ledger implementation?
SAP offers improvements for several functions with the changeover to the new general ledger. These include reporting by segment, reporting of traffic figures, and parallel reporting. Speed up your accounting by using the new general ledger.
How are journal entries in Oracle General Ledger organized?
You can organize journal entries with common attributes into batches. For example, you might group your journal entries by type or date. You can have multiple journals in one batch, or you can have a separate batch for each journal entry.
What is Oracle Cloud General Ledger?
Oracle General Ledger provides highly automated financial processing. It also provides tools for effective management control and real-time visibility to financial results — everything you need to meet financial compliance and improve your bottom line.
What is the difference between general ledger and chart of accounts?
The ledger is the book that contains all the accounts. The chart of accounts is a listing of all accounts that a company has. There are five categories of accounts that make up the chart of accounts. They are asset, liability, owner’s equity, revenue and expense accounts.
What is a general ledger example?
What is a general ledger with example? There are many examples of a general ledger as they record every financial transaction of a firm. Furniture account, salary account, debtor account, owner’s equity, etc., are some examples.
What is general ledger reconciliation?
A general ledger reconciliation is an activity performed by accountants to verify the integrity of account balances on the company’s general ledger.