Oracle Fusion Cloud Financials — General Ledger Setup Checklist
Created: 2025-08-15 18:59
Author: Teonna Dorsey (original checklist)
Goal
A concise checklist to guide a vanilla GL configuration in a new pod.
1. Prereqs
□ Confirm enterprise structure decisions (legal entities, BUs, ledgers).
□ Identify currencies, calendar, and accounting method.
2. Chart of Accounts (CoA)
□ Define segments (Company, Cost Center, Account, Product, etc.).
□ Set value sets, validation types, and segment qualifiers.
□ Load initial values and enable cross-validation rules if needed.
3. Ledgers
□ Create Primary Ledger (currency, calendar, ledger options).
□ Assign legal entity to ledger. Review suspense, rounding, and retained
earnings.
□ Consider Secondary/Reporting ledgers if required.
4. Journals
□ Journal sources/categories. Default reversal settings.
□ Approval rules with BPM (if approvals required).
□ Journal import profiles for integrations.
5. Intercompany
□ Enable intercompany balancing rules by segment.
□ Define intercompany organizations and transaction types.
6. Taxes (heads-up)
□ Coordinate with Tax config if subledgers will post tax.
7. Period Close
□ Open periods. Close sequence across subledgers to GL.
□ Define allocations and automation schedules if needed.
8. Security & Controls
□ Provision roles (General Accountant, GL Superuser, etc.).
□ Data access sets and segment value security.
□ Segregation of duties review.
9. Reporting
□ Financial Reporting Studio basics, OTBI subject areas.
□ Define key Smart View and FR reports.
10. Testing
□ Unit tests for journals, reversals, allocations, intercompany.
□ Reconciliation and trial balance sign-off.