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How To Setup a Secondary Ledger? (Doc ID 734455.1)

In this Document

Goal
Fix
What are secondary ledgers ?
How to set up a secondary ledger ?
Which is preferred - a subledger conversion level or a journal conversion level?
Community Discussions
Feedback
References

APPLIES TO:

Oracle General Ledger - Version 12.0.0 and later

Information in this document applies to any platform.

GOAL

What are secondary ledgers ?

How to set up a secondary ledger?

Which is preferred - a subledger conversion level or a journal conversion level?

FIX

What are secondary ledgers ?

Secondary ledgers represent the primary ledger's accounting data in another accounting representation that differs in one or
more of the following ways:

chart of accounts
accounting calendar/period type combination
currency
subledger accounting method
ledger processing options

Secondary ledgers can be maintained at one of the following data conversion levels:

Subledger Level Secondary Ledgers

Journal Level Secondary Ledgers
Balance Level Secondary Ledgers
Adjustments Only Secondary Ledger
How to set up a secondary ledger ?

1. Go to Setup > Financials > Accounting Setups Manager > Accounting Setups

2. Query the primary ledger to which a secondary ledger has to be assigned.

3. Click on Update Accounting Options

4. Click on 'Add Secondary ledger' Button

5. Enter the Name, chart of accounts , calendar and currency for the secondary ledger , as per the business requirements.
Also provide the SLAM (subledger accounting method) if it is a Subledger level secondary ledger or Adjustments only
secondary ledger.

6. Click on the Apply button

Which is preferred - a subledger conversion level or a journal conversion level?

The subledger level secondary ledger maintains an additional accounting representation of the subledger journals,
journal entries, and balances. The subledger level secondary ledger is maintained using both Subledger Accounting and
the General Ledger Posting program.

The journal level secondary ledger is an additional accounting representation of the primary ledger journal entries and
balances. This type of secondary ledger is maintained using the General Ledger Posting Program only. A journal level
secondary ledger does not provide have any subledger level transactions - only journals. Every time you post a journal
in the primary ledger, the same journal is automatically replicated and maintained in the secondary ledger, depending
on the journal conversion rules specified for the secondary ledger.

If the data conversion level is set to 'Journal' then SLA does not maintain accounting entries for the secondary ledger in
the subledger. Therefore you will not be able to drill to see subledger transactions from the secondary ledger.

When the conversion level of journal is used, it is the Journal Posting program which creates the accounting entries in
secondary ledger.
The information for drilldown is only copied to the secondary ledger when subledger level conversion is used.

Please review Oracle Applications Financials Implementations Guide, Secondary Ledgers for more details.

Community Discussions
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REFERENCES

NOTE:552045.1 - R12 Cannot Setup Intercompany Accounts For The Secondary Ledger - Link is not visable in this Ledger

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