Minimum Steps For Financial Enterprise Structures and General Ledger Setup (Doc ID 1428444.1)

Last updated on JULY 12, 2024

Applies to:

Goal

How to set up Financial Enterprise Structures and General Ledger with the minimum steps, which steps are really required and mandatory ?

Some of the non-financial modules (Example: HCM, CRM) have pre-requisite that the Legal Entity needs to be assigned to a Primary Ledger.

To create Primary Ledger in Financials, following are the minimum steps to successfully create ledger in Financials:

Step 1 - Chart of Accounts

Step 2 - Create Accounting Calendars

Step 3 - Create/setup Currencies

Step 4 - Create Legal Entity

Step 5 - Create Primary Ledger

Step 6 - Assign Legal entity to Primary Ledger

Step 7 - Final step is locate the Review and Submit Accounting Configuration task in the primary ledger task list, then click the Go to Task icon.

Once on the review page, click the Submit button to process and finalize your accounting configuration.

Solution

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