Primary Ledger Overview
- [1. Transaction Components](#1. Transaction Components)
-
-
- [Transaction date](#Transaction date)
- [Transaction Details](#Transaction Details)
- [Transaction Amount](#Transaction Amount)
-
- [2. Transaction date](#2. Transaction date)
-
-
- [Year Type:](#Year Type:)
- [Period Type:](#Period Type:)
-
- [3. Transaction Details](#3. Transaction Details)
- [4. Transaction Amount](#4. Transaction Amount)
- [5. Summry](#5. Summry)
- [6. Primary Ledger (PL)](#6. Primary Ledger (PL))
1. Transaction Components
To record an transaction Activities, below components are maditory.
Transaction date
Transaction Details
Transaction Amount
2. Transaction date
To record the transaction date, we need to set up the accounting calender in Oracle EBS.
before we set up the calendar, we must first consider what year type and period type we need to choose.
Year Type:
- Fiscal Year (the start date and end date not in the same year,like:2024/4/1~2025/3/31)
- Calendar Year (Like:2024/1/1~2024/12/12)
Period Type:
- Monthly(Recommend)
- Daily
- Adjusting Period(Additional adjustment periods can be added by needs, so a year can be set to 13 or more periods.)
3. Transaction Details
we can record the transaction details by using the COA (Chart of Account.
Please refer to below picture for more details for COA structure.
4. Transaction Amount
To record the Transaction amount we need to enable the Oracle EBS currency.
All the currency are seeded in the application, So we can just enable it instead of creating a new currency.
Oracle EBS provided 3 types of Currency:
- Functional/Local Currency (Like: RMB)
- Foreign Currency (Like: USD, JPY)
- STAT Currency (Like:EA,M3,Marks)
5. Summry
Before recording a transaction, we need to configure the system in advance.
If we want to record the transaction in GL(General Ledger) application, the set up for below 3Cs are manditory
3Cs
C alendar
C hart of Account (COA)
Currency
If we want to record the transaction in SubLedger applications (AP, AR, CM, FA, PO, OM, INV), one more extra set up is required Accounting Method. So we need to set up 4Cs in advance.
4Cs
C alendar
C hart of Account (COA)
C urrency
ACcounting Method (to define the accounting related rules, like how to debit/credit)
6. Primary Ledger (PL)
To grouping these 4Cs, we are using Primary Ledger.
Primary Ledger can be set up in General Ledger applications.