Sub ledger is the detailed entry of account receivables, payable's, assets and other transactions. It gives information regarding the date, nature, amount and description of the transaction. Oracle Fusion Financial offers various features for proper sub ledger accounting. Summary level entry is recorded regularly from sub ledger to the general ledger. Here are some benefits of the sub ledger accounting module.
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- Centralized Accounting System: In Oracle Fusion Financial user can define rules, rubrics, and methods to adapt it for the desired outcome. This gives the benefits of controlling the entire system form single stand point. It offers a detailed and meticulous data capturing which provides the appropriate audit trail platform. The entire mechanism of this module is designed for end to end transactions.
- Setting the Rule of the Accounting: Here the user can very well meet the changing accounting scenario of corporate and government. Effective dates of the enforced rules can be adjusted from the central location to face the audit trails in the system. One can anticipate the changes in the rule and make the Oracle fusion financial more customized and useful.
- Supporting References: In this module the user gets references form various standpoints like markets, industries, locations, geographies, product categories and many others. Oracle Fusion financial maintains the accounting charts compatible with above mentioned references and helps the company in making the right decision. Its reporting is accurate and enhances the business performance.
- Compliance Requirements: It also meets all the compliance requirements like US GAAP, IFRS and many other local level legal rules. User can get the Fusion configured as per the requirement of the business.
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India Contact Number: +91 9666183940, 8886096632
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