R12 Gl setups

[muskan]

hi
i am going to work over R12 ver plz tell me what is this subsidiary or primary leger all that which is different from 11i, so plz help me out

[brahmaji]

Hi ,

In 12i there is no set of Books, now we are calling as Ledger . we can create Primary Ledger ,Secondary Ledger and Reporting Currency under Legal Entity .

Regards,

Brahmaji N ( Apps Functional Consultant)

[muskan]

thanks brahmaji but that not enough i mean i know SOB is not there....i want to know how this primary and secondary coorelate to one and other etc
what are the steps and if possible if u have the screen shots of it then plz forward it..its my request to all the memebers plz help me out

muskanHIT@gmail.com

[karthikeyanp1981]

Dear Muskan,

Set of Books is replaced by Ledgers in Release 12
Set of Books = Calendar, Currency , Chart of Accounts
Ledger = Calendar, Currency , Chart of Accounts, aCcounting Method

This Ledger is further classified in to Primary Ledger, Secondary Ledger and Reporting Ledger.
Primary Ledger : It is nothing but the same SOB which we had in rel 11 with accounting methods that is all.... !
Reporting Ledger : It is nothing but the Reporting Set of Books which u had in rel 11
( It is a replica of the Primary Ledger, but figures are in different currencies )

Secondary Ledger: It is a replica of the Primary Ledger..... carrying a different requirements ( Primary ledger may be of accrual basis, secondary ledger may be of cash basis)
Posting an entry in primary ledger will create in unposted entry in secondary ledger automatically !

[aamir ashfaq]

great explanation karthikeyanp

[Murthyoracle]

Great explanation and reallyapprecialble.