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Oracle General Ledger – Major Functions and Features

Posted on July 30th, 2007 by Sanjit Anand ||Email This Post Email This Post

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Do you know what are the major features of general ledger. Here are some listed major functions and features of Oracle GL Modules.

  • Define multiple calendars and accounting structures while dynamically creating new accounts combinations based on user defined rules
  • Uses standard , reversing and recurring journals
  • Uses Mass Allocations to automate your cost and revenue allocations quickly and accurately
  • Uses the Financial Statement Generator (FSG) to create custom financial reports
  • Uses the GL Desktop Integrator to combine the power of Oracle GL with an Excel spreadsheet to budget, report, analyze & enter accounting information.
  • Extensive foreign currency capability
    • Automate currency conversion, translation & revaluation in accordance with generally accepted accounting principles
    • Query and report on all foreign currencies and translated balances using single or multiple sets of books
    • Use multiple reporting currencies sets of books to manage routine reporting of foreign currency transactions
  • Record and review accounting information
    • Import data from subsidiary ledgers or enter journals to record actual or budget transactions directly into GL
    • Enter encumbrance journals to track encumbrances through the purchase approval process and to control spending against budgeted amounts
    • Review account balances online or through standard reports
  • Manipulate accounting information
    • Correct actual, budget and encumbrance information
    • Revalue and translate balances denominated in foreign currencies
    • Consolidate balances from multiple sets of books
  • Analyze accounting information
    • Integrate GL with Financial Analyzer to simplify the budgeting and forecasting process to efficiently answer ad hoc requests and to identify areas for profit improvement
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