Oracle General Ledger (GL) Question:

What are the setup steps for AP, AR, and GL?

Answer:

For GL:
1. Set of Books(Chart of Accounts)
2.Calander
3.Currency

For AP:
1.Suppliers(Creditors)
2.Invoice
3.Look up codes
4.Selection of Set of Books
5.Payment Terms
6.Financial & Payable Option
7.Define Banks

For AR:
1.Flexifiled
2System option
3.Payment Terms
4.Open period
5.Auto Accounting
6.Transcation Type
7.Transcation Source

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How do we integrate AP or AR to GL?	I am confused about inter company journal balancing. As far as I can tell, it does one or both of: 1) If you enable it you can post incorrect (i.e. imbalanced) journals. And if you disable it you ca not (i.e. all journals must balance - A GOOD THING, RIGHT)?