Advantages of Subledger

Accounting in R12

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Advantages of Subledger Accounting in R12

Author: Helene Abrams

www.eprentise.com

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Advantages of Subledger Accounting in R12

In R12, each subledger can have its own calendar, chart of accounts, and currency. There are accounting
functions and reports across subledgers that are much easier to deal with than what was available with
sets of books. R12 has centralized accounting rules and bidirectional drill down to and from GL from the
different modules. The whole structure has changed – you now can define event types, event classes, and
account derivation rules that will create the transaction lines.

R12’s subledger accounting gives you:

• The flexibility to utilize user-defined accounting rules to administer multiple accounting policies for
internal control and compliance.
• A common data model and repository that allows for a single source of truth for subsystem
accounting.
• A centralized data model for accurate and streamlined accounting, reconciliation, and reporting.
• A common posting engine for a simpler closing process.
• Full-drilldown to clear, auditable entries.

R12’s accommodation of multiple ledgers in a single set of books enables smart decision-making by
continuously and quickly providing key financial information crucial to important business decisions. The
structure of the new sub-ledger accounting also allows for smoother processing and GL management as
well as secure but widely accessible data. For example, a single subledger transaction can create multiple
accounting representations in multiple currencies in the same set of books.

For a full list of documentation resources for Oracle® Applications Release 12, see Oracle Applications
Documentation Resources, Release 12, OracleMetaLink Document 394692.1.

Click here for a list of Oracle documentation.

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About eprentise
eprentise provides transformation software products that allow growing companies to make their Oracle® E-Business
Suite (EBS) systems agile enough to support changing business requirements, avoid a reimplementation and lower the
total cost of ownership of enterprise resource planning (ERP). While enabling real-time access to complete, consistent
and correct data across the enterprise, eprentise software is able to consolidate multiple production instances, change
existing configurations such as charts of accounts and calendars, and merge, split or move sets of books, operating
units, legal entities, business groups and inventory organizations.

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