Oracle EBS R12 General Ledger Setup - Part 1

Oracle E- Business Suits General Ledger Setup Part 1

General Ledger is the key role in any ERP suits or Application and it is baseline for Financial Impacts therefore it should be  properly configured and setup according to business requirements.

Oracle General Ledger Setup/ configuration have easiest steps as compared to any other ERP Suit. First for most configuration point is to create COA (Chart of Accounts) Setup divided into 4 Parts 

Part 1: Chart of Accounts (Define Segment, Value Set & Qualifiers)

Part 2: 4 C's

Part 3: Accounting Structure

Part 4: Ledger 

In Part 1: we will have focus on GL Segment, value sets and their proper assignment of Qualifier to appropriate segments

Step 1

Define COA

Setup > Financials > Key > Segments

Step 2

Find Application "General Ledger"& Flex filed title "Accounting Flexfield"

COA Structure Name = Orasol COA

Setup 3

Define Segments

Defining 4 Segments

• Company
•  Department
•  Accounts
•  Product

Step 4

Define Value Sets

Define Value sets for each segment

Click Value Set for Company Segment

4.2 Define Value Sets for Department

Define Value Set for "Accounts" for “Account1_VS

Define Value Set for "Product" for "Pro_VS"

Step 5

Assign Value set to each Segment and Save the COA

Step 6

Flexfield Qualifier Assignment

Flexfield Qualifier is important Assignment to proper segment

If you assigned wrong Qualifier then COA will not work properly

Company = Balancing Segment

Department = Cost Center Segment

Accounts = Natural Account

Step 7

Save COA

Click Freeze Flexfield Definitions and Compile