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Restricted Legal Entities Journals Maintenance

in General Ledger & Intercompany

Summary:

We are seeking guidance on best practices for meeting regulatory and operational requirements for restricted legal entities Journals maintenance.

Currently, certain legal entities require that only designated individuals be permitted to create, approve, and/or post journal entries and accounting adjustments. Because security is primarily managed at the ledger level and maintaining legal entity-level access controls is operationally complex, a workaround has been implemented using duplicate legal entities within the same ledger.

For example, if LE1 is a restricted legal entity, accounting activity from subledgers and other automated sources is recorded in LE1 during the month. At period-end, balances are manually transferred to

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