Oracle General Ledger is a comprehensive financial
management solution that dramatically enhances financial controls, data
collection, information access, and financial reporting throughout the
organization. Oracle General Ledger provides tremendous flexibility for
managing and streamlining the accounting processes with an extremely versatile
chart of accounts, accounting calendar and is the central repository of
accounting information, receiving transactions from both Oracle and non-Oracle
sub-ledgers. Non-Oracle sub-ledgers i.e. Legacy systems can also be integrated
with Oracle General Ledger with the help of Financial Accounting Hub and the
data can be fetched and imported into Oracle General Ledger from the defined
Custom Sources.
There are numerous functions available within the
Oracle General Ledger to meet the business needs of different types of
organizations.
The main purposes of Oracle General Ledger (GL)
module is:
- to integrate and maintain all of the Organization’s financial information including that of other Oracle modules
- to administer all organizations legal reporting to outside entities
- to inquire, report and distribute ad hoc reports on organization’s financial information
- to provide a complete audit trail.
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