What is subledger accounting in Oracle Fusion?
Subledger Accounting (SLA) is an Engine that transforms Subledger transactions into Journal Entries in General Ledger. It caters to seeded Subledgers such as Receivables and Payables, and also to Custom Subledgers created by Accounting Hub.
What is a subledger in accounting?
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.
What is a subledger in Oracle?
Subledger Accounting (SLA) is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite products in R12. Together with the new ledger support, Subledger Accounting enables support of multiple accounting requirements concurrently in a single instance.
What is subledger accounting in SAP?
Subledger accounting in SAP is accounting in areas of Vendor/customer/Assets. For Vendor we used to maintain subledgers for gettng proper groupngs of vendors this helps in reporting and decreasing work space in the system. Customer scenario is same as of vendor.
What is journal entry rule set?
Accounting methods group subledger journal entry rule sets together to define a consistent accounting treatment for each of the accounting event classes and accounting event types for all subledger applications. The grouping allows a set of subledger journal entry rule sets to be assigned collectively to a ledger.
What is SLA in fusion?
Subledger Accounting (SLA) is a rule-based accounting engine that centralizes accounting for Oracle Fusion products. Subledger accounting options define how journal entries are generated from subledger transactions at the subledger application level.
Is Accounts Receivable a subledger?
The accounts receivable ledger is a subledger in which is recorded all credit sales made by a business. The primary document recorded in the accounts receivable ledger is the customer invoice.
What is subledger reconciliation?
Reconciliation of the general ledger to sub-ledgers is another type we will review. The general ledger (or simply “ledger” or “G/L”) is a collection of all balance sheet and income statement accounts. A sub-ledger is a thorough record of transactions for an individual account.
What is subledger journal entry?
Subledger Journal Entry Definition Overview The goal of Subledger Accounting is to generate journal entries for transactions that occur in subledgers. For users integrating subledger accounting into their applications, it is critical to have a clear and common definition of a subledger journal entry.
What is SLA in accounting?
Subledger Accounting (SLA) is a rule-based accounting engine that defines how journal entries are generated for sub-ledger transactions in Oracle applications. SLA also supports 3rd-party applications that generate accounting information that will need to be transferred to the general ledger.
What are the other three subcomponents of a subledger journal entry rule set?
The following are the subcomponents of a subledger journal entry rule set: Journal line rules. Account rules. Supporting references.
What do you need to know about subledger accounting?
A subledger accounting method can be defined to group subledger journal entry rule sets that adhere to and comply with US Generally Accepted Accounting Principles (GAAP) criteria. By assigning a different subledger accounting method to each related ledger, you can create multiple accounting representations of transactions.
How to create subledger accounting in WordPress.com?
Subledger Accounting 1 Transaction is created. 2 Transactions are created against Ledger and SLAM attached to Ledger is determined. 3 When Create Accounting is submitted, SLA API is called and module/application,event type etc are passed. 4 Based on parameters passed to API, Application Accounting Definition is identified from SLAM.
How to set up auxiliary accounting in general ledger?
You can set up detailed auxiliary accounting within a general ledger account using subledger type codes in UDC table 00/ST. A subledger type code, such as A for address book, is associated with a number, such as an employee number. Subledger type codes also control how the system validates a subledger value when you create a journal entry.
How does the subledger accounting method ( Slam ) work?
Subledger Accounting Method (SLAM) : It provides a mechanism to join entries from different modules to GL. SLAM is attached to Ledger. Create Accounting run for a Ledger identifies the SLAM and then executes the rules defined in SLAM. Transaction is created.