Setup In GL

Mandatory Setup In GL

1- Define chart of Account
2- Define Period Type
3- Define Accounting Calender
4- Define currency
5- Define set of book
6- Assign profile option

Optional Set of GL

1- Define cross validation rule
2- Define security rule
3- Define additional journal source
4- Define additional source category
5- Define conversion rate and rate type.
6 Define descriptive flexfield.

Cycle Of GL

1- Create functional and foreign journal
2- Reverse journal
3- Post journal
4- Re-view and correct the balance
5- Re-Value the foreign currency balance
6- translate the foreign currency balance
7- Consolidate set of book
8- Run the report
9- close periods