Primary Ledger

It is used to record business transactions.

The primary ledger acts as the primary accounting representation

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Create A primary Ledger By giving COA ,Currency,Calendar & Accounting Convention Method and Add Legal entity and Update Balancing Segment Value(BSV) and change Ledger status as Completed.

Sub ledger accounting method “Standard Accrual”

Accounting Convection Method:-It will determine the method in which recording the day to day accounting Transaction. There are two types.

(a)    Accrual Method:-If we use accrual basis method journal entry will be created for each transaction irrespective of Cash.

(b)    Cash Basis Method:- If used Cash Basis Method journal entry will be created ,when cash is taking place in the services.

Above Information will stores under

GL_LEDGERS
GL_LEDGER_CONFIG_DETAILS
GL_LEDGER_NORM_SEG_VALUES
GL_LEDGER_CONFIGURATIONS