Subledger Accounting
Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite products and provides an accounting toolset and repository for third-party applications. Together with the new ledger support, it enables support of multiple accounting requirements concurrently in a single instance. Different accounting regulations can be satisfied by maintaining and applying different sets of rules to different sets of transactions; or accounting for the same transaction with multiple methods. By maintaining a full link between the transaction and accounting data, it allows powerful reconciliation and auditing capabilities.
Accounting entries from subledger applications, such as Payables and Receivables, are created in Subledger Accounting and then transferred to General Ledger.