Hey everyone! I’m excited to take you through my process of setting up the Oracle Fusion General Ledger — fast and efficiently. We’ll start by showcasing the User Roles to ensure proper access and control. Next, I’ll demonstrate how to Get the File...
Configuring bank account reconciliation in Oracle Fusion Cash Management involves a series of steps to ensure that the data in Oracle matches the data from your bank statements. The process helps in identifying any discrepancies between the bank’s records and...
Intercompany Organizations: Set up and define the organizations that will be participating in intercompany transactions. Intercompany Organization Data Access for Users: Configure which users have access to specific intercompany organizations, ensuring proper data...
Tax Regimes: Establish the overarching system or method of taxation relevant to a particular country or jurisdiction. Taxes: Under each tax regime, define the specific types of taxes (e.g., VAT, GST, Sales Tax) that will be applied. Tax Statuses: Determine the various...
Conversion Rates and Policies – Required: Define the currency conversion rates that will be used by the Expenses application. Establish policies for currency conversion, including base currency and allowed variances. Expense Report Templates – Required:...
Receivables Activities Configuration (Required) Define Receivables Activities: Set up activities like adjustments, miscellaneous cash, and others. Link these activities to the appropriate general ledger accounts. Approval Limits Configuration (Required) Define...
Manage Bank Accounts, Branches, Accounts Define internal bank accounts. Define Branches Define Accounts Assign bank accounts to business units and legal entities. Set Up Bank Statement Import and Reconciliation Define bank statement formats. Define reconciliation...
Define Key Flexfields (KFFs): Required: Asset Key Flexfield: Captures specific details of the asset. Location Flexfield: Captures the location of the asset. Category Flexfield: Determines the category to which an asset belongs. Define Value Sets for KFFs: Required:...
Oracle Fusion Applications focusing on the General Ledger Allocations feature. In this session, I will be diving into a practical use case where rent expenses, initially aggregated in a single account, are allocated across multiple child accounts under a parent based...
Define Common Applications Configuration (Required) Set up enterprise structures: Define the legal entities, business units, and ledgers. Configure reference data sharing: Determine shared business objects across business units. Manage Ledger Options (Required) Define...
