Ledger Creation

 Navigation: General Ledger Super User : Setup : Financials  : Accounting Setup Manager : Accounting Setups.

Required information to create ledger . 4C to be created in the accounting Setup

1.     Currency

2.      Calendar

3.      Chart of Accounts

4.      Conventional Accounting

Currency

    Navigation: General Ledger Super User : Setup : Currencies : Define.

    Calendar

    Navigation: General Ledger SuperUser : Setup : Financials :Calendar :Types

     Enter the period type and month and year type and description.

Next define the month intervals as shown below from April to march with 1 adjustment period.

Navigation:  General Ledger Super User : Setup :Financials :Calendar :Accounting.

   Chart Of Accounts

    Navigation :  General Ledger Super User : Setup : Financials : Flex Fields : Segments.

   

    Create your COA structure and click segments to create your segments.

    Click on Flexfield Qualifiers and map Company Segment with Balancing Segment Flexfield.

    Click on Cost Center Segment and map with Cost Center segment Flexfield.

    Click on Natural Account Segment and map with Natural account segment Flexfield.

   Click on Project and map with Management Segment flex field. This mapping varies based on client needs.

    Click on Future Use segment and map with secondary tracking segment.

    After mapping assign values to your value set . Ex: Shown below

    Once the values are assigned to value set start creating ledger.

 
    Navigation:  General Ledger Super User : Setup : Financials : Accounting Setup Manager:  Accounting Setups

   Click Create Accounting Setup

   Click Add another row and add the legal entity and add the balancing segment values

   Click on your ledger and update the values as shown below

    Click on the reporting currency and add the values

    Click on the Balancing Segment Value Assignments and add your company segment values

    Click on Subledger accounting and add your Subledger Accouting Method.

    Click on the operating units and your operating units.

    Click on Intercompany and update the status as complete.

    Click on Sequencing and complete.

    Finally complete it.