Use journal entry sources and categories to differentiate journal entries and to enhance your audit trail. We can select pre-defined sourc...
Use journal entry sources and categories to differentiate journal entries and to enhance your audit trail. We can select pre-defined sources and categories or define our own.
Journal entry sources indicate where your journal entries originate. GL supplies a list of predefined journal sources for journal entries that originate in Oracle Sub-ledger applications, such as Assets or Payables. You can define your own journal sources for non-Oracle feeder systems.
For each journal source, specify whether to import detail reference information for summary journals imported from your Oracle sub-ledger applications. This is required if you want to be able to drilldown to the original sub-ledger transaction from balances in GL. With journal sources, you can:
- Define intercompany and suspense accounts for specific sources.
- Run the AutoPost program for specific sources.
- Import journals by source.
- Freeze journals imported from sub-ledgers to prevent users from making changes to any journals that have been transferred to GL from this source. This ensures that transactions from your sub-ledger systems reconcile with those posted in GL.
- Report on journals by source using the Foreign Currency Journals or General Journals reports.
If you have journal approval enabled for your SOB, you can use journal sources to enforce management approval of journals before they are posted. If you are using average balance processing, select an effective date for your journal source.
Journal categories help you differentiate journal entries by purpose or type, such as Accrual, Payments, or Receipts. When you create journal entries, you must choose the default or specify a category.
Using categories, you can:
- Define intercompany and suspense accounts for specific categories.
- Use document sequences to sequentially number journals by category.
- Define journal categories for Accruals and Estimates. Use these categories when you define criteria for AutoReverse and AutoPost.
- Journal categories appear in standard reports, such as General Journal Report. You can run reports by category, by source, or category and source.
