2/19/24, 10:04 AM Document 1344517.

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How To Assign A Legal Entity To A Ledger (Doc ID 1344517.1)

In this Document

Goal
Fix
When to assign a Legal Entity (LE) to a Ledger ?
The following Functional Setup Manager (FSM) steps are required to Assign an LE to a Ledger:
References

APPLIES TO:

Oracle Fusion Legal Entity Configurator - Version 1.0-Beta and later

Oracle Fusion Legal Entity Configurator Cloud Service - Version N/A and later
Information in this document applies to any platform.

GOAL

How To Assign A Legal Entity (LE) To Ledger.

FIX

When to assign a Legal Entity (LE) to a Ledger ?

If you are planning to create any transactions that has a financial impact then you will need to assign
an LE to a Ledger.

For example creating a Payables or Receivables invoice/transaction will have a financial impact and therefore will require a
LE assigned to a Ledger. Whilst a Sales order will not have an impact and will not require this assignment.

The following Functional Setup Manager (FSM) steps are required to Assign an LE to a Ledger:

After creating a project in FSM pick the task list "Define Accounting Configurations". Ensure
before you go into the individual tasks that the "Primary Ledger" field shows the correct Ledger

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you wish for the assignment. Here in this example "Vision Operations (USA)" will be the ledger
tasked for the LE assignments.

After clicking on the "Go To Task" for the "Assign Legal Entities" task you will be taken into the "Assign Legal Entities"
page. This page will show all the LEs that are currently assigned to your chosen Ledger.
Click on the create icon then select your LE and click on Apply. Once you have finished applying then click
on done which will bring you back to the "Define Accounting Configuration" task list.

Important - Once the assignment has been done you will then need to run the "Review and Submit Accounting
Configuration" program.

If you wish to see how to create an Ledger or a LE then please review:

Note1274512.1 How To Create a New Ledger in Fusion General Ledger

Note1333573.1 How To Create Legal Entities

REFERENCES

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