Subledger Accounting

Accounting for all transactions uses Subledger Accounting (SLA) architecture which is an enhancement of the standard accounting process, and contains changes to the overall process flow, user interfaces, and some programs. SLA architecture delivers many benefits, and lets you customize the way accounting is performed for a specific event. You can use accounts derived from custom business logic based on data provided by the application (accounting sources).

SLA is a common rule-based accounting engine used by Oracle products that posts accounting entries into Oracle General Ledger. Rules are user defined, and reside in a common repository for all subledger applications such as Oracle Cost Management. The SLA accounting engine is also a common engine for all subledger applications and provides you with a single common paradigm for defining your accounting behaviors.

The engine supports multiple currencies, as well as audit tools such as the XML Publisher based Journal Entries report. This report also displays the balance of an Inventory Valuation account within a user specified date range. The Journal Entries report is similar to the Material (or WIP) Account Distribution Summary report and will display the balance of the Inventory or WIP Valuation Accounts within a specified date. 

The subledger accounting engine lets the accounting department maintain sophisticated control over accounting and charts of accounts. Accounting rules can be defined against most attributes. For example, you can use an attribute of an item to redirect accounting to the proper category of Cost of Goods Sold within the Chart of Accounts. You can also control and avoid user errors from being entered into the application. Incorrect entries can be redirected to proper accounts.