Process Flow Diagram General Ledger

Note that some steps are repeated more than once during a period. The steps in general ledger process flow are. Create journal or import journal from sub ledger.

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Process flow diagram general ledger. Oracle general ledger process oracle general ledger overview. This scenario describes the process by which you define the g l accounts and plan your general ledger. Accounting flowchart purchasing receiving payable and payment accounting flowchart is a pictorial way to represent the flow of data in an organization and the flow of transactions process in a specific area of its accounting or financial department. An important enabling strategy in the postal service s transformation plan is to enhance financial management.

The general ledger accounting and financial reporting system is a comprehensive financial accounting data. General ledger accounting and financial reporting system handbook f 20 december 2004 transmittal letter a. A general ledger also generates financial reports and statements to help you gain a deeper understanding of the company s financial health. Through integration with logistics business processes as well as with accounting sub ledgers of other finance modules such as accounts payable accounts receivable cash management gl provides a central pool of accounting data required for finance reporting.

The general ledger gl module is the heart of finance package of an erp system. The general ledger is the complete record of all business transactions and thus represents the main and current element in the rendering of accounts. The information in the general ledger is important to record as it allows a business to keep track of all incoming and outgoing cash flow. The input for gl process flow is the raw accounting data and the output is the accounting reports that can be used to provide various levels of financial information.

Accounting cycle flow chart. Once testing is complete for each box on the flow diagram click the link in the next step tier 2 in the high level uat framework section to access the next uat guide. As you can see the cycle keeps revolving every period. Obviously business transactions occur and numerous journal entries are recording during one.

After this cycle is complete it starts over at the beginning. The main purpose of a general ledger system is to record financial activity of a company and to produce financial and management reports to help people inside and outside the organization make decisions. Here is an accounting cycle flow chart. It also describes the postings you make in the general ledger.

By contrast a modernized general ledger master data management business process not only supports the management of the gl chart of accounts but also other gl master data. The oracle general ledger is the central repository of accounting information. The quick reference guides are numbered to match each box on the flow diagram to assistant testers with following the flow of the business process. Maintenance of the army s general ledger chart of accounts now only occurs in gfebs.