Saturday, November 15, 2008

Oracle General Ledger (OGL)

Oracle General Ledger (OGL)

Oracle Financial comprises of the following core Finance Modules:

1) General Ledger
2) Accounts Payable
3) Accounts Receivables
4) Fixed Assets
5) Cash Management

Oracle General Ledger (OGL) is accounting back bone for Oracle Financial Modules. It is the central repository of all financial transactions and can be called as the heart of the accounting system. OGL is a tool for integrating sub-ledger activity, consolidating group-wide accounts and releasing statutory/analytical financial reports.

Defining the Set of books (SOB) is the key setup task in Oracle General Ledger. Set of books has 3 key components - Chart of accounts, Currency and Calender (popularly called as 3Cs)

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