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As in last post about subledger accounting [1] we understood with this new feature:
· All accounting performed before transfer to the GL.
· and this is achieved by user setup who can do by definable accounting rules.
At the data level, it’s a big change for all the subledgers, though there is a first generation
changes we have noticed sometime when 11i Payables where concept of “Accounting
Events †introduced first time and accounting performed at subledger level first before
moving into GL.
The same idea has been incorporated in new sub ledger accounting model , indeed a was a
real need because of some uneven functionality likes:
· Inconsistencies in Accounting Generation like Summary vs. Detail
· Direct to General Ledger vs. Open Interface
· Inconsistent Drilldown from General Ledger
· Also it has been seen inconsistent Mechanisms for controlling Accounting as certain
options has been used in existing version:
o flex builder
o Account Generator
o Automatic Offsets
What is sub ledger mean for a non finance person?
· A new transactional application that generates accounting impact
· Used to store detailed information not needed for a general ledger
· Sub ledgers post summarized activity to a general ledger periodically to maintain
centralized account balances for the company
With these accounting at this level the respective sub ledgers & General Ledger is tied out, as
below.
How Receivables Accounting happen in 11i
As we know the final accounting data not generated prior to transfer to GL as only
distribution level information is passed to GL.
In 11i , we know three distinct distributions tables for invoices / Credit Memos / Debit Memos
have to capture accounting class & amounts information but not debits & credits.
·
o Receipts & Adjustments
§ Unapplied, applied
§ Both debits & credits
o Misc. Cash Receipts
§ Both debits & credits
· As we know “View Accounting†is a report against distributions to see the
accounting information.
· Payables
o Invoice
o Debit Memo
o Prepayment
o Payments
o Refunds
· Receivables
o Invoice
o Deposit
o Receipt
o Bill Receivable
· AP Invoice Events
o Validated
o Adjusted
o Cancelled
· AR Receipt Events
o Created
o Applied
o Unapplied
o Updated
o Reversed