general ledger:
the general ledger (gl) application is the foundation for a full-featured accounting system. the gl receives journal entries from the oracle subledgers and has an open interface for incoming journal entries from non-oracle systems. although not strictly part of the gl application, the application desktop integrator (adi for gl enables you to perform reporting, journal entry, and budgeting functions while using an excel spreadsheet interface. the gl application provides you with the following major business functions:
- the capability to create, change, approve, reverse, and post manual and electronic actual, statistical, and budget journal entries
- the capability to create and update budgets
- the capability to establish budgetary control and online funds checking
- accounting for multiple companies
- consolidation of multiple sets of books
- financial reporting writing through the financial statement generator (fsg) and the application desktop interface (adi)
- fiscal calendar and chart of accounts maintenance
- currency transactions, conversion, translation, and revaluation
payables:
use oracle payables (ap) to control and process your payments for purchases of goods and services, employee expense reports, taxes, rents, and so forth. the release 11i version of this application provides two user workbench environments for invoice and payment processing. the manual invoice entry screens can be set up for high-speed data entry. the ap application is a subledger to the gl, and it is tightly integrated and shares data with the purchasing application. there are 20 general application steps and 27 specific ap steps to set up and configure the ap application in 11i
- the capability to set up and maintain supplier records
- electronic and manual invoice entry
- expense report processing
- the capability to create and maintain invoice holds and payment schedules
- cash disbursements for checks and electronic transfers
- accounting distributions
- two-, three-, and four-way invoice matching and validation with purchase orders and receipts
- sales tax and vat processing
- expense and disbursements journal entries to gl
- foreign currency transactions
- bank transaction reconciliation
receivables
use the oracle receivables (ar) application to recognize revenue, process cash receipts, and collect money that is owed to you. a user workbench is provided for each of these three functions. in addition, there are manual and automatic versions of programs to support billing and cash receipt transactions. the ar application is a subledger to the gl, and it is closely integrated and shares data with the order management (om) application. there are 53 setup steps to configure the release 11i ar application.
- the capability to set up and maintain customer records
- the capability to process cash receipt transactions
- the capability to support collection activities with call history, statements, and dunning letters
- the capability to create and maintain revenue and adjustment transactions
- accounting distributions
- revenue and cash receipt journal entries to gl
- foreign currency transactions
- the capability to archive and purge
fixed assets:
the fixed assets (fa) application can be set up to maintain asset records and process transactions using three workbenches for assets, mass additions, and tax. fa is a subledger to the gl. there are 32 setup steps to configure the release 11i fa application
- the capability to create, maintain, and retire fixed asset records
- asset physical inventory
- the capability to compute and maintain depreciation calculations
- depreciation and asset transaction journal entries to gl
- tax accounting
- capital budgeting
- asset listings and construction in progress reports
