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Chart of Accounts for Insurance Industry

in General Ledger & Intercompany 1 comment

Summary: Looking for the best practices for Chart of Accounts Structure for Insurance Industry.


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We are migrating an insurance customer from legacy to Oracle cloud and as part of this they are also restructuring their COA as it is not meeting their reporting requirements. Billing will be outside oracle and we will bring the GL data to Oracle, while P2P will stay in Oracle. Any pointers on the best practices w.r.t insurance industry COA will be highly appreciated.


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