R12 – Primary Ledger Set up
Primary Ledger
A primary ledger is defined as a Ledger where all day-to-day transactions are performed.
Key Role:
1. PL is main ledger or Activity Ledger
2. Usually it will define local currency
3. Operational reporting ledger
Before creating Ledger, should be
defined 4C’s.
R12 Ledger:
1. Chart of Accounts
2. Ledger Currency
3. Accounting Calendar
4. Accounting Method - new in R12
Note: In
11i we have only 3C’s, but in R12 we have 4C’s
Setup to Define the Primary Ledger:
Step1:
Navigation:
General Ledger --> Setup -->
Financials --> Accounting Setup Manager --> Accounting Setups
Click the create Accounting Setup button.
Click Next button
Step2:
Enter valid details
Ø Primary Ledger name
Ø Chart of Accounts (COA)
Ø Accounting Calendar
Ø Currency
Ø Select oracle Standard Subledger
Accounting method – ‘Standard Accrual
ð Select chart of Accounts
ð Select Accounts
ð Select Currency
ð Select Subledger Accounting Method – ‘Standard Accrual’
To check the status of Primary ledger, Status should be ‘In Progress’
To complete the Primary ledger, should recompile Char of Account key flex
filed recompile
Unfreeze / Freeze Flexfield Definition check box
To check the concurrent program request key field compiled successful
Next , click update icon to define ‘Retained Earning Account’ number
Select the valid combination Retained Earning Account number
Search and create the retained Earning Account
Click to Finish the PL setup
Now check the status icon in Accounting Setup form.
Status should be ‘Complete’
Click the complete button, to complete PL setup
Warning Message popup, to confirm the Primary Ledger setup and 4C’s Setup.
Note: Once you ‘Yes’, you can’t edit or delete any values in Primary Ledger.
To verify PL created successful, by using concurrent program
Assign Primary ledger to your General Ledger Responsibility
Once Assign the responsibility ,
Go To -> GL responsibility -> Journals -> Enter -> New Journals
check your Currency, ledger is valid
Now We've successfully setup a Primary Ledger.
