What is journal source in Oracle Apps r12?

Journal sources identify the origin of your journal entries. General Ledger supplies a number of predefined journal sources. In addition, you should define at least one journal source for each of your own, non-Oracle feeder systems to help you track imported journal entries.

How can you correct a journal entry that has already been posted in Oracle?

Go into the Transaction Entry window by following this path: Transactions > Financial > General Entry. Then, click the Correct button located at the top of the window. In the Action field, choose ‘Back Out a Journal Entry and Create a Correcting Entry’. Then enter the Original Journal Entry you want to fix.

What is a journal category in Oracle?

Journal categories help you differentiate journal entries by purpose or type, such as accrual, payments or receipts. When you enter journals, you specify a category. You can define intercompany and suspense accounts for specific categories.

What are the types of journal entries?

6 Types of Journal Entries

Opening entries. These entries carry over the ending balance from the previous accounting period as the beginning balance for the current accounting period.
Transfer entries.
Closing entries.
Adjusting entries.
Compound entries.
Reversing entries.

What are categories of journals?

The journals are classified into W, X, Y, and Z category. Following are details of each category. Journals listed in Journal Citation Report (JCR) of ISI having an Impact Factor are categorized into W category.

How many journal entries are there?

There are three main types of journal entries: compound, adjusting, and reversing.

How do I create a journal entry in Oracle r12?

To create journal entries for the general ledger:

Choose Journal Entries > Standard from the Navigator.
Enter the Book and the Period for which you want to create journal entries in the Parameters window.
Choose Submit to submit a concurrent process to create journal entries for your general ledger.

How do I reverse a journal entry in Oracle r12?

Navigate to the Enter Journals window.
Query the batch and journal within the batch that you want to reverse.
Choose Review Journal.
Choose More Details.
Choose Reverse Journal. General Ledger names the reversal batch Reverses [Original Journal Entry Name] [Date] [Time].
Post the reversing journal batch.

What are the two types of journal?

There are two types of the journal:

General Journal: General Journal is one in which a small business entity records all the day to day business transactions.
Special Journal: In the case of big business houses, the journal is classified into different books called as special journals.

What is medallion in journal?

Definition 14 [Medallion] Similarly, the predictive assessment of any X or Y category journal being promoted to W category at time in the future. The purpose of Medallion is to provide that predictive assessment based on the distance from the relative threshold selected for W Category in a given year.

What is a journal source?

How do I use journal sources in general ledger?

General Ledger supplies a number of predefined journal sources. In addition, you should define at least one journal source for each of your own, non–Oracle feeder systems to help you track imported journal entries. To import detail reference information for summary journals you import from your feeder systems.

What are the General Ledger GL table details in Oracle apps R12?

In this post we will discuss on General Ledger GL table details in Oracle Apps R12, all AR and FA modules transactions move to GL module at the end of as an Journals in Oracle Apps R12. GL_JE_HEADERS: This Table stores GL Journals Header Information. this table has important Columns such as NAME, JE_SOURCE, PERIOD_NAME, CURRENCY_CODE, STATUS

What are journal entry sources?

Journal entry sources indicate where your journal entries originate. General Ledger supplies a list of predefined journal sources for journal entries that originate in Oracle subledger applications, such as Assets or Payables. You can define your own journal sources for non-Oracle feeder systems.