Journal Processing in Oracle ERP Cloud

This post is an attempt to introduce journal processing in Oracle ERP Cloud.

In order for successful journal processing the ledger needs to be already setup, the target period open and proper security assigned to the user, focus of this post is only on journal entry and related tasks and not the required setups.

Create Journal - This functionality is similar to journal enter in EBS, manual entry of journals.

The other sources of journal entry are:
a. Create Journal in Spreadsheet( Similar to WebADI in EBS)
b. Import Journals - Journals from Sub-Ledgers and Other sources thru the interface tables

I will not get into both the above mentioned options but just focus on manual entry of journals.

From the spring board or welcome screen, navigate to the Journals area.
The spring board and appearance of the screen may differ based on the roles assigned to the user. Journal processing falls under the General Accounting functional area.

The above screen displays the welcome screen(springboard), on selecting Journals the following page is displayed.

The above screen displays the main journal dashboard that can display journals that require approval, import errors, incomplete journals. To the right of the screen when the task pane is clicked, more journal entry task options are displayed. To enter manual journal select Create Journal.

Required fields are labeled with an *, In order to enter and complete a JE you need to enter the accounting period, date, JE Category, Ledger, account combination and dr/cr. amount.
For some one who has used EBS the fields here need no explanation they are pretty much the same. The journal can be saved without completing all fields, or completed and posted. See below

The posting process is submitted and completes as shown below.

Typically due to separation of duties journal posting is separated out and assigned to different user/group. Journals entered can be reviewed and posted from the Manage journals screen as shown below.

That covers manual JE entry and posting in Oracle ERP Cloud. What if you would like to make sure the account has been really impacted, then navigate to account inquiry as below.

I covered the basic JE entry and posting, additional topics in journal processing would be auto posting, allocation, reversal that are not covered in this post. Thanks for reading.