How Does Journal Summarization work in Costing and How to Transfer From Inventory To GL In Summary Mode
Last updated on JULY 10, 2017
Applies to:Oracle Fusion Cost Management Cloud Service - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
How Journal Summarization happens in Costing?
1) Go to Ledger Options, Choose Journal Summarization for Application Costing set it to " Sumarize by GL date"
2) Create Miscellaneous Transactions in Inventory for a serial controlled item, quantity 1000
3) Transfer Transactions from Inventory to Costing
4) Create Cost Accounting Distributions , Review Cost Accounting Distributions shows 1000 distributions created for each Serial number
5) Run Create Accounting
See 1000 journals are created all for same account and same gl date.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms