General Ledger - What experience do you have with general ledger?

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General Ledger | Question 1 of 55

What experience do you have with general ledger?

Total Answers and Comments: 6

Last Update: November 16, 2007

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Submitted by: subhasish.ghosal

General ledger contains all the ledger accounts including vendors,customers, revenue, asset & liability account type which are ultiamtely part of Chart of Accounts applicable for a particular company code.

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karen_562

August 10, 2005 14:18:32

deepak

RE: What experience do you have with general ledger?

3 years

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May 23, 2007 10:23:58

hanumanthede

Member Since: March 2007 Contribution: 1

RE: What experience do you have with general ledger?

The general ledger is a list of accounts maintaned by company which includes all accounts opened for transactions.

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June 19, 2007 04:52:11

subhasish.ghosal

RE: What experience do you have with general ledger?

General ledger contains all the ledger accounts including vendors customers revenue asset & liability account type which are ultiamtely part of Chart of Accounts applicable for a particular company code.

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July 17, 2007 09:09:45

isha_mit

RE: What experience do you have with general ledger?

I am handling general ledger of my company for last five years it consist of ledgers other than debtors and creditors ledger which are taken care by debtors and creditors ledger you will find their control ledger in general ledger.

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August 01, 2007 00:38:46

Arun K Rajan

Member Since: July 2007 Contribution: 3

RE: What experience do you have with general ledger?

I have 3 years strong General Ledger experience. Major tasks include processing monthly accruals and adjustments preparing and reviewing balance sheet reconciliations (review involves analysing and researching reconciling items and reversing or charging them out to P&L wherever required.

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November 15, 2007 09:28:26

Chaos

RE: What experience do you have with general ledger?

General Ledger is the final repository of all the journals from the various sub-ledgers. I have 3 yrs in GL including 3 end to end implemetation.

The implementation of GL can be divided into 3 broad categories
1. Setup --> oviously the 3C of 11i or 4C of R12. the multi-org structure the SOB/Ledger structure consolidation method CVR Data access sets defination access sets etc

2. Journals related--> source category document sequence batch control budget control journal approval journal reversal allocation recurring journal etc

3. Reporting --> FSG reconciliation legal reports taxes period closure activities like reconciliation/translation for period closure reports

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