General Ledger Business

     General Ledger Business Processes

Business processes listed below are discussed in the business process section of this General Ledger documentation:

·         Create and process journal entries.

·         Create and process interunit and intraunit transactions.

·         Build summary ledgers.

·         Close ledgers.

·         Process multiple currency.

·         Create and process Average Daily Balance (ADB).

·         Create and process open items.

·         Consolidate financial data.

·         Maintain standard budgets.

·         Monitor background processes.

·         Review financial information.

·         Archive tables.

·         Generate regulatory ledger reports.

·         Create XBRL documents.

·         Generate general reports.

·         Generate federal reports.

·         Create and process allocations.

·         Generate statutory reports.

·         Create and process Commitment Control transactions in General Ledger.

·         Create and process entry event transactions.

·         Process subsystem journals using Journal Generator.

·         Import and process spreadsheet journal entries.

·         Import and process transactions from a flat file.

·         Enter and process statistical transactions.

·         Enter and process Value Added Tax (VAT) transactions.

·         Approve journal entries for processing.

·         Perform account reconciliation.

·         Run General Ledger background processes.