Overview of Oracle General Ledger

Oracle General ledger is the core module concerned with the financial reporting of information .All the financial information will mostly end up in General Ledger from where final reporting will be done. General ledger module willRecord , Analyze , Manipulate and Report the information.

General Ledger will receive information from all the oracle modules

1. Order Management
2. Purchasing
3. Receivables
4. Payables
5. HRMS
6. Projects
7. CRM etc.

All the information is recorded , analyzed and then reported by General Ledger

The Basic Accounting cycle of General Ledger is 

1. Open the period
2. Receive data
3. Create Journals/Reverse Journals
4. Post Journals
5. Review
6. Revalue
7. Consolidate
8. Reconcile
9. Run Reports
10. Close Accounting Period

General Ledger Module will record all the financial information in the form of journal entries

It will create journal entries for all the information coming in an then post it to the final set of books.

General Ledger System can receive information from Oracle Systems and Non-Oracle Systems.

Form Oracle Systems:

Data Processing Cycle

From Non Oracle Systems

1. Data Will Be uploaded via Spreadsheets
2. Journals Will be created
3. Journals will be posted to General Ledger