General Ledger & Intercompany

Get Involved. Join the Conversation.

Topic

    Pratik Liye
    Assign BSV to Business UnitsAnswered
    Topic posted June 25, 2019 by Pratik LiyeGreen Ribbon: 100+ Points, tagged Configuration, Financials, General Ledger, Intercompany, Payables, Receivables, Subledger Accounting 
    117 Views, 5 Comments
    Title:
    Assign BSV to Business Units
    Summary:
    Balancing Segment Values
    Content:

    1. Just like assigning BSV to Legal Entity can we assign Balancing Segment Value to Business Units?

    2. How to handle Intracompany(Transactions between multiple BU's belonging to same Legal Entity)transactions in Oracle Cloud ?

    3. In EBS we have Intracompany Balancing Rules. Do we have same functionality in Oracle Cloud ? (https://docs.oracle.com/cd/E18727_01/doc.121/e13425/T348488T462216.htm)

    Version:
    Oracle Cloud Application 19B (11.13.19.04.0)

    Best Comment

    Prithis Das

    There is nothing specific for Intracompany setups. All the documents address Intercompany setups. The best place to start would be the implementation manual itself. The Intercompany chapter on the implementation manual web version is here:

    https://docs.oracle.com/en/cloud/saas/financials/19b/faigl/intercompany-setup.html#FAIGL1592951

    Comment

     

    • Prithis Das

      1. Just like assigning BSV to Legal Entity can we assign Balancing Segment Value to Business Units?

      No, you cannot assign BSVs to BUs. However, a BU can service any LE that is assigned to the same Primary Ledger as the BU.

      Each BU has a Default LE. So when you start entering a manual transaction for a BU, the system defaults the LE from the BU setup. However the user can change the LE to a different LE.

      If a transaction is imported, the system derives the LE from the BSV on the accounting entry, using the BSV-LE assignment.

      2. How to handle Intracompany(Transactions between multiple BU's belonging to same Legal Entity)transactions in Oracle Cloud ?

      I think you meant "multiple BSVs belonging to the same Legal Entity".

      The system creates intercompany lines whenever you cross BSVs on an accounting entry and the BSVs are not balanced. In case the BSVs are within the same LE, the system treats these as Intracompany lines instead of Intercompany lines. The functionality is similar to EBS.

      3. In EBS we have Intracompany Balancing Rules. Do we have same functionality in Oracle Cloud ? 

      Yes we do. Same functionality is available in Oracle ERP Cloud.

      • Pratik Liye
        Thank You Prithis. Do you have any document/ white paper/list of setups related to intracompany transactions in Oracle Cloud ?
    • Prithis Das

      There is nothing specific for Intracompany setups. All the documents address Intercompany setups. The best place to start would be the implementation manual itself. The Intercompany chapter on the implementation manual web version is here:

      https://docs.oracle.com/en/cloud/saas/financials/19b/faigl/intercompany-setup.html#FAIGL1592951