The accounting setup process consists of three main steps and are described in the following table:
Create an accounting setup structure.
Update accounting options.
Complete the accounting setup.
The following table provides the steps to create an accounting setup. Repeat these steps for each accounting setup defined. The steps in bold italics are required.
Accounting Setup Manager Setup
| Create Accounting Structure | Complete Accounting Options | Complete Accounting Options (continued) |
|---|---|---|
| Assign legal entities | Complete ledger options. | Define and assign operating units to the primary ledger. |
| Specify the ledger attributes for the primary ledger. | Complete reporting currencies. | Define intercompany accounts. |
| Specify the ledger attributes for one or more secondary ledgers. | Assign balancing segment values to legal entities | Define intracompany balancing rules. |
| Assign reporting currencies. | Assign balancing segment values to ledgers. | Define sequencing options. |
| Define subledger accounting options. | Complete secondary ledger setup steps. | |
| Complete accounting setup. |