Finalizing Ledger Options in the Inventory Organization Structure
In building the inventory organization structure, OSS consultants begin defining the Short Name and the Description for the Primary Ledger, as shown below.
For a clearer view of the screens, please run the demo "Setting Up the Primary Ledger and the Operating Unit" lower down on this page.
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The OSS consultants are now ready to set up a few accounts:
- Retained Earnings Account
- Suspense Account
- Rounding Differences Tracking Account
Their setup appears in the screen below.
The OSS Set of Books or Primary Ledger when created looks like this:
OSS also decides to add the Canadian Dollar as a Reporting Currency, as shown below.
Defining the Operating Unit
The consultants at OSS have defined the Business Group – Office Smart Corporation. Now, they will define their Operating Unit and attach it to the Legal Entity and the Business Group as shown below.
This in a way marks the end of the beginning for building the Inventory Enterprise Structure. The Warning message below indicates just that.
On the last leg of their Accounting Setup, the consultants construct the Operating Unit.
New in R12: When setting up an Operating Unit using the Accounting Setup Manager, a Business Group is required. OSS Consultants have defined Office Smart Corporation their Business Group.
This completes out setup of the Legal Entity, the Primary Ledger and the Operating Unit, using the Accounting Setup Manager.
Oracle confirms that our task is complete for now, as the message below shows.
FREE DEMO: Setting Up the Primary Ledger and the Operating Unit
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Next: Defining the Inventory Organization Calendar
Previous: Setting Up the Oracle Inventory Organization Structure
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