Date Added: Feb 2012
Subledger Accounting is a new feature in Oracle R12 release. Oracle Subledger Accounting enables corporations to comply with corporate, local and managerial accounting and audit requirements via increased control, visibility and efficiency. Oracle Subledger Accounting increases control by storing a complete and balanced journal entry for each subledger transaction and General Ledger (GL) date. Detailed drilldown and audit information is captured for each journal entry line. By storing journal entries in a common data model, Oracle Subledger Accounting constitutes a single source of truth for all accounting, reconciliation and analytical reporting.