1.
OGL Module Sits at Ledger
Level
2.
OGL Module acts as a
Centralized Repository system for the entire Accounting and Financial
Information. OGL Module collects all the Accounting Information from various
other Modules and maintain those accounting entries In Journal Format
3.
Enter the Transactions
directly into the GL Module, if those transaction not fitting in Other Modules
enter as a Manual Journal in OGL
4.
OGL will accept data only in
the Journal Format
5.
OGL will receive data from
other modules and GL will not send any data to sub ledgers
6.
GL is a Module used for your
Financials Reporting activities
7.
GL Modules has a flexibility
of the Drill Down options, to review the sub ledger transactions in the GL
Module itself, without changing any responsibility
8.
In Build Standard Reports
such as Trial Balance, Account Analysis Reports, Journal Reports, Useful MIS
Reports
9.
Flexibility of creation of
Financials Reports, MIS Reports through FSG Tool
10. Multiple Ledger Architecture – Consolidate the data from Multiple
Ledgers
11. Configuration of the Budget to control your expenditure limits
12. Multi Currency Reports and Multi Currency Ledgers
13. Automate the GL Process such as Auto Posting, Auto Reversal,
Scheduling the Programs and Reports
14. Secure Account Codes to ensure correct code combinations
15. Flexibility of Multiple Segments in your Chart of Accounts
Oracle
General Ledger Life Cycle
1.
Open Period
2.
Enter / Import Journals
3.
Post a Journal
4.
Inquiry Accounts
5.
Reversal of Journal
(Optional)
6.
Revaluation
7.
Translation
8.
Consolidation
9.
Run Reports
10.Close Period
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