ERP General Ledger Overview

ERP® General Ledger is a comprehensive financial management solution that provides highly automated financial processing, effective management control, and real-time visibility to financial results. It provides everything you need to meet financial compliance and improve your bottom line. ERP General Ledger is part of the ERP E-Business Suite, an integrated suite of applications that drive enterprise profitability, reduce costs, improve internal controls and increase efficiency.

Capitalize on Global Opportunities Meet Varied Reporting Standards with a Flexible Accounting Model In today’s complex, global and regulated environment, finance organizations face challenges in trying to comply with local regulations and multiple reporting requirements. ERP General Ledger allows companies to meet these challenges in a very streamlined and automated fashion. Multiple ledgers can be assigned to a legal entity to meet statutory, corporate, regulatory, and management reporting. 

All accounting representations can be simultaneously maintained for a single transaction. For example, a single journal entered in the main, record-keeping ledger can be automatically represented in multiple ledgers even if each ledger uses a different chart of accounts, calendar, currency, and accounting principle. Additionally, ERP General Ledger provides complete multi-currency and language functionality to satisfy the most demanding global financial requirements. You can capture and report on any number of currencies from the balance level to the sub_ledger level. Currency conversion, revaluation, remeasurement, and translation are all performed in accordance with local and international accounting standards.