R12 Primary Ledger - Setup Steps

 

                                           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 Calendar 

     ð Select Currency

      ð Select Subledger Accounting Method – ‘Standard Accrual’ 

 Click ‘Finish’ button to complete PL 

 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.

Note: Check GL period open for the current month or not, if not open the GL periods for the current month in setup-> click open/close , Enter current period and open