Payables to General Ledger AP GL Reconciliation Process in Oracle Fusion

Payables to General Ledger AP GL Reconciliation Process in Oracle Fusion

 

In this post , we will discuss Payables(AP) and General Ledger(GL)  reconciliation in Oracle Fusion. We do reconciliation in Oracle applications to Match the Transactions between Sub-ledger and General ledger. In EBS , We need to do lot of efforts in AP and GL reconciliation to run many reports and then find the difference between AP and GL account. Some time we need to put lot of efforts to find the missing transactions between AP and GL.

 

Oracle fusion has made the reconciliation process so simple we don't need to run the many reports in Payables and General ledger and find the difference between them and then find the missing transactions. Oracle fusion has provided very simple process to do the reconciliation between sub-ledger and general ledger and we can easily find the missing transactions between the difference between AP and GL. This is really an great feature in Oracle fusion application.

 

Payables to General Ledger AP GL Reconciliation Process in Oracle Fusion

Step1:- Receivables and General Ledger AP GL Reconciliation in Oracle fusion

Log into Oracle Fusion Applications
Navigator-->Tools-->Schedule Process

 

 

 

 

Step2:- Step2:- Submit 'Prepare Payables to General Ledger Reconciliation'

 

This program extracts and prepares transaction and accounting information for reconciling Payables to the General Ledger.

 

We need to run this process before start the process of Payables to General Ledger Reconciliation.

Verify the process and sub-processes end with Status ‘Succeeded’

 

 

Write down the process ID and Request Name highlighted below for the Prepare Payables to General Ledger Reconciliation because we need this name and id in further reconciliation report.

 

 

 

Step3:- Run the Payables to General Ledger Reconciliation Report

Navigator > Payables  > Invoices

 

 

 

 From the Task List: Accounting > Payables to Ledger Reconciliation

Step4:- Review the Summary Reconciliation Results

 

 For any row that represents period activity (like Invoices, Payments, Prepayments), you can click on the Payables or Accounting Amount, to display the detail of such activity.

 

 

 

Payables to General Ledger AP GL Reconciliation Process in Oracle Fusion