1 Reply Latest reply: Apr 24, 2009 3:20 AM by 698036 RSS

    Orcale Vs. SAP "Clear GL open items" ?

      I am new to oracle, previously I was using SAP, and I wonder if oracle have the same capability to view the GL entries as open items (non cleared entries), and if there is any possibility to clear B/S GL accounts. “such feature in SAP is called by transaction F.03”

      To illustrate my question, if we have an accrued expense in the accrual GL account and it have been paid out, a clearing entry should be posted to indicate that the balance is no loner outstanding. So when we select to view the accrual GL account GL entries, it shows the entries that present the outstanding balance only “open items”, without showing the whole Dr and Cr transactions with the same balance.

      Such feature will help in account reconciliation and account balance review
      Thanks for your help,