Logo

Navigation
  • Home
  • Services
    • ERP Solutions
    • Implementation Solutions
    • Support and Maintenance Solutions
    • Custom Solutions
    • Upgrade Solutions
    • Training and Mentoring
    • Web Solutions
    • Production Support
    • Architecture Designing
    • Independent Validation and Testing Services
    • Infrastructure Management
  • Expertise
    • Microsoft Development Expertise
    • Mobile Development
    • SQL Server Database and BI
    • SAP BI, SAP Hana, SAP BO
    • Oracle and BI
    • Oracle RAC
  • Technical Training
    • Learn Data Management
      • Business Intelligence
      • Data Mining
      • Data Modeling
      • Data Warehousing
      • Disaster Recovery
    • Learn Concepts
      • Application Development
      • Client Server
      • Cloud Computing Tutorials
      • Cluster Computing
      • CRM Tutorial
      • EDI Tutorials
      • ERP Tutorials
      • NLP
      • OOPS
      • Concepts
      • SOA Tutorial
      • Supply Chain
      • Technology Trends
      • UML
      • Virtualization
      • Web 2.0
    • Learn Java
      • JavaScript Tutorial
      • JSP Tutorials
      • J2EE
    • Learn Microsoft
      • MSAS
      • ASP.NET
      • ASP.NET 2.0
      • C Sharp
      • MS Project Training
      • Silverlight
      • SQL Server 2005
      • VB.NET 2005
    • Learn Networking
      • Networking
      • Wireless
    • Learn Oracle
      • Oracle 10g
      • PL/SQL
      • Oracle 11g Tutorials
      • Oracle 9i
      • Oracle Apps
    • Learn Programming
      • Ajax Tutorial
      • C Language
      • C++ Tutorials
      • CSS Tutorial
      • CSS3 Tutorial
      • JavaScript Tutorial
      • jQuery Tutorial
      • MainFrame
      • PHP Tutorial
      • VBScript Tutorial
      • XML Tutorial
    • Learn Software Testing
      • Software Testing Types
      • SQA
      • Testing
  • Career Training
    • Career Improvement
      • Career Articles
      • Certification Articles
      • Conflict Management
      • Core Skills
      • Decision Making
      • Entrepreneurship
      • Goal Setting
      • Life Skills
      • Performance Development
      • Personal Excellence
      • Personality Development
      • Problem Solving
      • Relationship Management
      • Self Confidence
      • Self Supervision
      • Social Networking
      • Strategic Planning
      • Time Management
    • Education Help
      • Career Tracks
      • Essay Writing
      • Internship Tips
      • Online Education
      • Scholarships
      • Student Loans
    • Managerial Skills
      • Business Communication
      • Business Networking
      • Facilitator Skills
      • Managing Change
      • Marketing Management
      • Meeting Management
      • Process Management
      • Project Management
      • Project Management Life Cycle
      • Project Management Process
      • Project Risk Management
      • Relationship Management
      • Task Management
      • Team Building
      • Virtual Team Management
    • Essential Life Skills
      • Anger Management
      • Anxiety Management
      • Attitude Development
      • Coaching and Mentoring
      • Emotional Intelligence
      • Stress Management
      • Positive Thinking
    • Communication Skills
      • Conversation Skills
      • Cross Culture Competence
      • English Vocabulary
      • Listening Skills
      • Public Speaking Skills
      • Questioning Skills
    • Soft Skills
      • Assertive Skills
      • Influence Skills
      • Leadership Skills
      • Memory Skills
      • People Skills
      • Presentation Skills
    • Finding a Job
      • Etiquette Tips
      • Group Discussions
      • HR Interviews
      • Interview Notes
      • Job Search Tips
      • Resume Tips
      • Sample Resumes
 

Oracle Apps 11i : Creating Journals through Oracle GL

By Exforsys | on September 27, 2005 |
Oracle Apps

.

Oracle Apps 11i Free Training : Journal Entry

This tutorial will describe the procedure of creating journals through oracle GL – Create a new batch with multiple Journal entries, Enter Journals to a Batch and to Enter Journal Lines.

Create a new batch with multiple Journal entries

Create a Journal batch

The following are the steps for creation of a journal batch:

1. Navigate to the enter journals window.

2. Choose New Batch.

3. Enter an optional Batch name to identify the batch on general ledger and journal entry reports. You cannot have duplicate batch names in the same accounting period. If you do not enter a batch name, General Ledger will create a default name from the source, combined with a unique batch ID and the system date.

4. Enter the accounting Period for which you want to post the entries in your journal batch. General Ledger defaults to the latest Open period.

a. Note: If you enter a period prior to the current accounting period and the user profile option Journals: Enable Prior Period Notification is set to Yes, General Ledger will display a message indicating that you are entering a prior period journal. You must confirm that this is what you want to do.

b. Additional Information: Balance Type is a display–only field. It displays Actual when you are entering actual journals and Budget when you are entering budget journals.

5. (Optional) Enter a description for the journal batch.

6. Enter a Control Total if you want to verify the total debits for your journal batch against the batch control total. You can also enter a control total at the journal entry level.

7. Choose Journals to add journals to the batch.

Figure -2 The Journal batch creation screen.

Enter Journals to a Batch

One can enter a journal to an existing batch or can create a new journal. The following are the steps:

1. Navigate to the Enter Journals window.

2. Enter or query the batch for which you are entering journals. To enter a journal without entering batch information, choose New Journal and proceed to Step 4.

  • To enter journals for a new batch, choose New Batch and enter the batch information.
  • To add journals to an existing batch, query the batch and choose

Review Batch.

3. Choose Journals.

4. Enter a unique Journal name for the entry. If you do not enter a journal name, General Ledger automatically assigns a name using the following format: Source Journal ID Date.

If you did not enter a batch name before entering journals, General Ledger uses the name of the first journal in the batch to create a default batch name.

5. Enter the Period for the journal entry. If you entered a period at the batch level, you must use the same period for each journal entry in the batch. If you did not enter a period at the batch level, choose any Open or Future Enterable period for your journal entry. Note that you can only post journals in Open periods.

6. Accept or change the default Effective Date for the journal entry.

7. Enter a Category to describe the purpose of your journal entry, such as accrual, payments or receipts. All lines in a journal entry share the same journal category.

General Ledger defaults the journal category if you defined the profile option Journals: Default Category.

8. Enter an optional Description for the journal entry. General Ledger uses this as the default description for each journal entry line. You can change the journal entry description as necessary.

9. Enter a Control Total if you want to verify the total debits for the journal lines against the journal control total.

10. Accept the default Currency (the functional currency for your set of books), or change the journal currency to enter a foreign currency or statistical journal.

.

.

11. (Optional) If you have average balance processing enabled and your set of books is a consolidation set of books, select Standard or Average as the Journal Type.

In a consolidation set of books, you can create journal entries that affect either standard or average balances. The balances are not linked. In a non–consolidation set of books, you can only create journal entries that directly affect standard balances. Average balances are calculated automatically from your standard balances.

12. Enter a Reference description to further identify the journal entry on general ledger and journal entry reports.

13. (Optional) If you are entering an inter-company transaction within a single set of books, you can specify the clearing company. Note: You can define relationships in the inter-company Accounts window which General Ledger then uses to automatically determine a clearing company. The clearing company you manually enter in the More Details window may not override the relationships defined in the inter-company Accounts window.

14. Enter a reversal Date, Period, and Method. You can then generate a reversing journal entry to that effective date and period. You can also reverse a journal entry without assigning a reversal period. Reversal Method can be either:

Switch Dr/Cr: General Ledger creates your reversing journal by switching the debit and credit amounts of the original journal entry. This method is often used when reversing accruals. Change Sign: General Ledger creates your reversing journal by changing the sign of your original journal amounts from positive to negative. This reversal method is often used when reversing journals to correct data entry mistakes.

15. Return to the Journals window and enter the journal lines.

16. Save your work.

To Enter Journal Lines

The following are the steps for entering the line information in a journal:

1. Navigate to the Enter Journals window.

2. Enter your batch and journal information. Alternatively, you can set up a default category and accept all default batch and journal information to enter lines directly.

3. Enter a Line number for each journal line to control the sequence in which the journal entry lines appear online and in reports. After you enter the first journal entry line number, General Ledger automatically increments the numbers for the following lines. You can change the line numbers as necessary.

4. Enter an Account for the journal line.

5. Enter the Debit or Credit amount for the designated account.

Note: If needed, you can enter debits and credits as negative amounts.

« « ASP.NET Advanced Site Functionality
Oracle Apps 11i : Suppliers » »

Author Description

Avatar

Editorial Team at Exforsys is a team of IT Consulting and Training team led by Chandra Vennapoosa.

Ads

Free Training

RSSSubscribe 417 Followers
Ads
  • Popular
  • Recent
  • Oracle Apps 11i : Asset Management – Asset Books Regions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i : File System

    May 22, 2005 - 0 Comment
  • Oracle Apps Implementing Key Flex field and Descriptive Flex field

    June 25, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Manual and Quick Additions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i Installation – System Requirements

    May 22, 2005 - 0 Comment
  • Oracle Apps Template Form

    July 3, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Mass Additions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i – Using Rapid install and the Steps Before Apps Installation

    May 24, 2005 - 0 Comment
  • Special Triggers in the Template Form in Oracle Apps 11i

    July 3, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Asset Adjustments

    October 12, 2005 - 0 Comment
  • Oracle Reports 6i

    December 13, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Journal Entries

    October 16, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Retirements

    October 16, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Depreciation

    October 13, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Mass Transfers

    October 12, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Asset Adjustments

    October 12, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Mass Additions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Manual and Quick Additions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Asset Books Regions

    October 9, 2005 - 0 Comment
  • Oracle Apps 11i : Asset Management – Asset Book Positioning

    October 9, 2005 - 0 Comment

Exforsys e-Newsletter

ebook
 

Related Articles

  • Oracle Reports 6i
  • Oracle Apps 11i : Asset Management – Journal Entries
  • Oracle Apps 11i : Asset Management – Retirements
  • Oracle Apps 11i : Asset Management – Depreciation
  • Oracle Apps 11i : Asset Management – Mass Transfers

Latest Articles

  • Project Management Techniques
  • Product Development Best Practices
  • Importance of Quality Data Management
  • How to Maximize Quality Assurance
  • Utilizing Effective Quality Assurance Strategies
  • Sitemap
  • Privacy Policy
  • DMCA
  • Trademark Information
  • Contact Us
© 2021. All Rights Reserved.IT Training and Consulting
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More
Privacy & Cookies Policy
Necessary Always Enabled