E1: 09: Overview of Ledger Types Setup (P0025)
(Doc ID 1430503.1)
Last updated on JANUARY 07, 2020
JD Edwards EnterpriseOne General Ledger - Version XE and later Information in this document applies to any platform.
Your general ledger includes different types of ledgers that contain management and control information used:
For Statistical purposes.
To Track units.
To Maintain budgets and forecasts.
To Control the annual close.
To Track Accrual and Cash basis amounts.
You can set up multiple concurrent accounting ledgers in the EnterpriseOne General Accounting system to establish an audit trail for all transactions. Multiple ledgers provide flexibility without requiring you to enter unnecessary and redundant data. Multiple ledgers allow you to:
Define any number of unit or monetary ledger types, such as actual, budgeted, or non-domestic currency.
Retrieve data about anything, from global revenue by product to an individual employee's expenses, without creating separate account numbers.
Maintain transactions in the appropriate ledger and post to the general ledger by summary or detailed transaction.
View two ledgers simultaneously. For example, you can view the domestic and reporting currency ledgers, or the budget and actual ledgers, with the variance calculated online.
Some of the common ledger types in the EnterpriseOne General Accounting system include:
AA (Actual Amounts)
AU (Actual Units)
BA (Budget Amounts)
BU (Budget Units)
CA (Foreign Currency Amounts)
XA (Alternate Currency)
AC (Consolidations Amount)
NOTE: You can also create additional ledger types. Ledger types U1 - U9 and UA - UZ are provided for your business needs. These ledger types are for your use only and will not be overwritten or used for other purposes in future releases of EnterpriseOne software.
This document is intended for Finance Functional users who will be involved in setting up the General Accounting system.
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