GL Setup Check List

Step No.	Required	Description	Reference
Step 1	Required	Define Your Chart of Accounts	Common Applications
Step 2	Optional	Define Cross-Validation Rules to prevent certain account combinations from being created.	Common Applications
Step 3	Optional	Define a Chart of Accounts Mapping to Map Two or More Charts of Accounts. The chart of accounts mapping is used by Accounting Setup Manager to complete the setup steps for secondary ledgers, and it is used by the Global Consolidation System (GCS) to consolidate data between ledgers.	Common Applications
Step 4	Optional	Define Your Descriptive Flexfields	Common Applications
Step 5	Optional	If you want to use period types not installed with General Ledger, Define Your Accounting Period Types.	Common Applications
Step 6	Required	Define your Accounting Calendar. Review the Calendar Validation report to note common setup errors.	Common Applications
Step 7	Optional	If you plan to use average balance processing, Define a Transaction Calendar and Valid Business Days for That Calendar. The transaction calendar ensures that journals created in Oracle General Ledger and Oracle Subledger Accounting (SLA), if used, will be posted on valid business days	Common Applications
Step 8	Required	Define the Currency for Your Ledger. Also define or enable any reporting currencies you plan to use.	Common Applications
Step 9	Optional	Define conversion rate types and conversion rates, such as daily rates and historical rates.	Common Financials
Step 10	Optional	Define Additional Journal Entry Sources. If you have enabled average balance processing, specify an Effective Date Rule for each journal source you define.	Oracle General Ledger
Step 11	Optional	Define Additional Journal Categories	Oracle General Ledger
Step 12	Optional	Define Journal Reversal Criteria	Oracle General Ledger
Step 13	Required	Define an Accounting Setup Using Accounting Setup Manager to Combine Legal Entities, Ledgers, Reporting Currencies, Subledger Accounting Methods, and Other Setup Information. Before you can enter transactions and journal entries to ledgers, you must complete the ledger options for all ledgers assigned to an accounting setup and the accounting setup status must be complete.	Oracle General Ledger
Step 14	Optional	Define Ledger Sets to Group Ledgers that share the same chart of accounts and accounting calendar/period type combination to take advantage of processing efficiencies, such as opening and closing periods across ledgers in a ledger set.	Oracle General Ledger
Step 15	Optional	Define Data Access Sets to secure read and write access to Ledgers, balancing segment values, and management segment values for one or more ledgers.	Public Sector Applications
Step 16	Required	Assign a Ledger to the Profile Option GL Ledger Name for each Oracle subledger. This profile option controls the ledger chart of accounts that each subledger will use for transaction processing.	Oracle General Ledger
Step 17	Required	Assign a Data Access Set to the Profile Option GL: Data Access Set for each General Ledger responsibility.	Oracle General Ledger
Step 18	Optional	Define Definition Access Sets and Assign them to Responsibilities. Once you begin securing your definitions, you can assign the Definition Access Sets assigned to your responsibilities.	Oracle General Ledger
Step 19	Optional	Define Account Combinations that can be used for data entry if you did not enable Dynamic Insertion for your chart of accounts structure.	Oracle General Ledger
Step 20	Optional	Define and Assign Document Sequences	Oracle General Ledger
Step 21	Optional	Define Your Employees	Oracle General Ledger
Step 22	Optional	Setup Journal Approval	Oracle General Ledger
Step 23	Optional	Define optional accounts 1.        Suspense accounts. 2.        Statistical Units of Measure.	Oracle General Ledger
Step 24	Required	Define Transaction Codes if you use Public Sector General Ledger.	Oracle General Ledger
Step 25	Optional	Create Summary Accounts	Oracle General Ledger
Step 26	Optional	Set up Automatic Tax Calculation if you do not have Oracle Receivables and Oracle Payables installed	Oracle General Ledger
Step 27	Optional	Define your Automatic Posting Criteria	Oracle General Ledger
Step 28	Optional	Define Encumbrance Types	Oracle General Ledger
Step 29	Optional	Set up Budgets	Oracle General Ledger
Step 30	Optional	If you enabled budgetary control, Define One or More Budgetary Control Groups
Step 31	Optional	Define Security Rules
Step 32	Required	Set your General Ledger Profile Options
Step 33	Required	Open an Accounting Period
Step 34	Optional	Set up the Global Consolidation System (GCS)