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Oracle General Ledger Setup - FAQ (Doc ID 177596.1)

Last updated on OCTOBER 07, 2020

Applies to:

Oracle General Ledger - Version 11.5 to 11.5.10.2 [Release 11.5.0 to 11.5.10]
Information in this document applies to any platform.

Purpose

 Frequently asked questions while setting up oracle GL

Questions and Answers

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In this Document
Purpose
Questions and Answers
 1.  What responsibility should I use when doing the set up for General Ledger?
 2. What are the pre-requisites required to define a new calendar?
 3. What are the pre-requisites required to define a new set of books?
 4. Why must I check the calendar definition before assigning to a set of books?
 5. What General Ledger profile options need to be set up for using a new set of books with a responsibility?
 6. Can I define more than one set of books?
 7. What type of set of books do I need: Primary, Reporting or None?
 8. Are there any mandatory accounts that are required for the Set of Books definition?
 9. What is Dynamic Insertion? Is it required during setup?
 10. Do I need Cross Validation rules set up before entering journals in General Ledger?
 11. Do I need to turn Suspense posting on?
 12. Is there an automated tool to load the account segment values in Oracle General Ledger?
 13. Do I need to set up Journal Approval?
 14. What does the check box Balance Intercompany mean on the set of books form?
 15. Is there any setup at the journal source level to view subledger data in GL?
 16. What is the option Rounding Differences Account in the Set of Books form?
 17. Is there any additional maintenance for Sources and Categories in General Ledger after these items are initially setup?
 18. How to review GL: Set of Books profile options at all levels ?
 19. Can I change the functional currency for an existing set of books?
References

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