Secondary Ledgers (General Ledger)

Secondary ledgers represent the primary ledger's accounting data in another accounting representation that differs in one or more of the following ways:

Use secondary ledgers for supplementary purposes, such as consolidation, statutory reporting, or adjustments for one or more legal entities within the same accounting setup. For example, use a primary ledger for corporate accounting purposes that uses the corporate chart of accounts and subledger accounting method, and use a secondary ledger for statutory reporting purposes that uses the statutory chart of accounts and subledger accounting method. This allows you to maintain both a corporate and statutory representation of the same legal entity's transactions in parallel.

Assign one or more secondary ledgers to each primary ledger for an accounting setup.

The secondary ledgers assigned can only perform the accounting for the legal entities within the same accounting setup.

Note: If an additional ledger is needed to perform accounting across legal entities or ledgers in different accounting setups, use a ledger in an accounting setup with no legal entity assigned. This can be used for multiple purposes, such as performing management reporting or consolidation across multiple legal entities.

Note: If you allow users to make adjustments in Oracle Projects to expenditure items that represent receipts, receipt non-recoverable tax, or exchange rate variances, then Oracle Projects does not perform accounting for adjustments in reporting currencies and subledger level secondary ledgers if the secondary ledger currency differs from the primary ledger currency. Please review your business practices and ensure that the Oracle Projects profile options PA: Allow Adjustments to Receipt Accruals and Exchange Rate Variance are set appropriately. For additional information, see: Profile Restrictions to Supplier Cost Adjustments, Oracle Project Costing User Guide.