Oracle fusion finance course Video 2 #subledger #GL #AP #AR

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Yeah in oracle fusion modules there are different modules so majorly eight modules uh in finance or a confusion finance first one is general ledger second one is accounts payable third one is accounts receivable fourth one is cash management fifth one is fixed assets expenses in the company tax in this this five modules general ledger accounts payable accounts

Receivable cash management and fixations are more important and mostly we’ll be working in this modules and i just want to tell you the difference between a general ledger a main ledger and a supply chain these are called as applages say suppose you are you are having two bank accounts and in one in one hdfc bank you are having 10 000 rupees in sbi bank you are

Having 50 000 rupees these are subjects but during month end your main ledger i’m like ten thousand plus fifty thousand is equal to sixty thousand is your monthly balance so this will be your main ledger and this is your sub ledgers same uh case in in the case of business also business also in supply just uh see in subjects i should match with general ledger but

In some cases they won’t match say suppose checks deposited and yet to clear so checks deposited you’re too clear so uh uh so you in your say suppose uh there is a air to clear means in your supply and then then in case of general ledger there is a difference so during month and what you will be doing you will be booking a coral okay so if there is any difference

Between sub ledgers and general ledger you will be booking an approval subjects are nothing but accounts payable and accounts receivable general ledger is is the main ledger so in the case if you are booking an accrual you can book an accrual directly in general ledger i’ll be just showing you in general accounting in journals you will be booking an accrual okay

And irresp in respect of receive payables there is a different uh uh thing uh in see this is payables and here it is receivables okay so in general leisure how you will be booking uh i’m just opening journals in journals if you go to tasks and if you quickly click on create journal so here you will be entering the details okay you’ll be selecting the accounts and

You will be selecting the debita mode as well as credit amount and you will be entering uh you and you will be posting it you will be save complete boost okay you’ll be doing that uh to book a journal in general leisure whereas all your receipts during the month say like hdfc all the transactions which you will be doing you’ll be doing in some pledges like that uh

Say suppose if you go to payables and in invoices you will be booking invoices okay and whatever you are entering in gl is called as journal in payables it’s called as invoice and the same is the case will too you can see create invoices in payables and in receivables also if you go to billing recipients is nothing but we are creating a receipts if you click

On create transaction you can enter your receipt you can you can you need to give business unit transaction sources transaction type transaction number bill to name and everything and after that save and complete this save save and closed same is the case with same is the case with payables also so all your receipts 99 of your receipts 99 percent of your payables

You will be recording in your accounts payable and accounts receivable accept exceptions during the month end we will be posting an accrual in general ledger as you can see you can see business unit supplier supplier side number amount type payment terms whatever is there in star mark is mandatory okay and after this save save and close we are not entering any

Transactions whatever transactions which you have entered you can go to manage invoice and you can view them that’s it for this issue thank you

Transcribed from video
Oracle fusion finance course Video 2 #subledger #GL #AP #AR By Oracle fusion ERP