1. Creating Manual Subledger Journal Entries Oracle Subledger Accounting

2. Objectives After completing this lesson, you should be able to: Create manual subledger journal entries.

3. Subledger Journal Entries Overview Manual subledger entries are not directly associated with subledger transactions. You can enter accounts and debits/credits manually. The entries are transferred to GL and posted just like any other subledger entries. The entries are considered adjustments for that subledger. For example, if you enter a manual adjustment using a Receivables responsibility, the adjustment is transferred to GL as an entry sourced from Receivables.

4. Manual Journal Entries You can enter manual entries in Subledger Accounting, similar to General Ledger journal entries. Manual subledger journal entries must be posted to General Ledger like any other subledger journal entry. Unlike General Ledger journal entries, subledger journal entries are optionally associated with a customer or supplier. All manual adjustments to third party control accounts should be made through manual subledger journal entries.

5. Creating Subledger Journal Entries Use the Subledger Journal Entries - Search page to search for all types of subledger journal entries, not just manual entries. In the search results region: Drill down to view subledger journal entry details. Update, duplicate, complete, and reverse manual journal entries.

6. Creating Subledger Journal Lines In the Lines region of the Subledger Journal Entries page, click Create Journal Entry. Create Journal Entry Subledger Journal Entries page

7. Reviewing and Completing Subledger Journal Entries In the Review Subledger Journal Entry page: –Review all subledger journal entry header and line information –If budgetary control is enabled for the primary ledger, initiate funds check to reserve funds to complete the subledger journal entry. Subledger Accounting returns a status of Passed or Failed. –Complete the journal entry.

8. Reviewing and Completing Subledger Journal Entries continued… Subledger Accounting completes the subledger journal entry as follows: Validates the accounts; same validation as that performed by the Create Accounting program. Assigns the corresponding sequence to the subledger journal entry if completed with Final status. Updates the status of the subledger journal entry Updates the pending subledger journal entry with the corresponding error message if the subledger journal entry is not successfully created. Invokes the balance update program.

9. Duplicating Subledger Journal Entries In the Duplicate Subledger Journal Entries page, create a new subledger journal entry from an existing subledger journal entry of any status except Error. When a journal entry is duplicated, you can update all fields except Balance Type.

10. Reversing Subledger Journal Entries In the Reverse Subledger Journal Entry page, reverse an existing manual subledger journal entry in Final status. Reversal options are: Switch DR/CR Change/Sign Switch DR/CR Change/Sign

11. Updating Subledger Journal Entries In the Update Subledger Journal Entries page, update: A manual subledger journal entry of status Draft, Incomplete, or Error When a manual journal entry is updated, you can update all fields except Balance Type and Ledger.

12. Deleting Subledger Journal Entries In the Delete Subledger Journal Entries page, delete a manual subledger journal entry for a primary or secondary ledger in Draft or Incomplete status.

13. Summary In this lesson, you should have learned how to Create subledger journal entries.

14. Practice 1: Creating Manual Subledger Journal Entries