Prequisite -
1) Chart of accounts - N > GL > Setup > Financials > Flexfields > Key > Segment
2) Calendar - N > GL > Setup > Financials > Calendar > Accounting
3) Enable Currencies - N > GL > Setup > Currencies > Define
4) Accounting Method Defined - N > AP > Setup > Accounting Setup > Subledger Accounting Setup > Accounting Methods Builder > Methods and Definitions > Subledger Accounting Method
To Setup your accounting structure -
N > GL > Setup > Financials > Accounting Setup Manager > Accounting Setups
1st step - Create your LE
2nd Step - Create PL - Add RL - Add SL
Updating PL -
Accounts used -
Retained Earning - 01.00.3310.000.0000
Suspense - 01.00.2990.000.0000
Rounding - 01.00.7826.000.0000
Translation Adjustment - 01.00.1675.000.0000
Reserve for Encumberance - 01.00.1677.000.0000
--You have to define your BG
--N > US HRMS > Work Structure > Description
Defined various setups/options and changed the setups status to complete.
YOu need a responsibility for your ledger
N > SYSADMIN > Security > Responsibility > Define
Resp Name - YR US General Ledger
Menu - GL_SUPERUSER
Req Group - GL Concurrent Program Group
YOu need to attached your ledger with this responsibility. You have to assign the profile option
Goto Sysadmin - N > Profile> System
Select your new responsibility & Profile name is GL: Ledger Name
OPTIONALLY-
Ledger Set-
N > GL> Setup > Financials > Ledger Set
Data Access Set-
N > GL> Setup > Financials > Data Access Set
Select your new responsibility & Profile name is GL: Ledger Name
Journal Sources
N > GL> Setup > Journal > Source
Roll Date?
Journal Categories
N > GL> Setup > Journal > Categories
------------------------------------------------------Finish Setup for GL
Open the first period to be used -
N > GL> Setup > Open/Close
COnversion/Exchange Rate -
N > GL > Setup > Currencies > Rates > Daily
Transaction -
1) Manual Journal Entry - USD
2) Manual Journal Entry - INR
3) Reverse the Journal Entry
Recurring Journal
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