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Oracle Receivables R12: AR To GL Reconciliation

The AR to GL Reconciliation report compares account balances in Oracle Receivables to those in Oracle General Ledger, highlighting any discrepancies. The report should be run after the Submit Accounting program has completed in Receivables and journal entries have been posted to General Ledger. Differences between the Receivables and General Ledger account balances will indicate where corrective actions may need to be taken, such as reversing manual journal entries or reconciling balances from other subledgers.

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875 views2 pages

Oracle Receivables R12: AR To GL Reconciliation

The AR to GL Reconciliation report compares account balances in Oracle Receivables to those in Oracle General Ledger, highlighting any discrepancies. The report should be run after the Submit Accounting program has completed in Receivables and journal entries have been posted to General Ledger. Differences between the Receivables and General Ledger account balances will indicate where corrective actions may need to be taken, such as reversing manual journal entries or reconciling balances from other subledgers.

Uploaded by

shanmuga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Oracle Receivables R12: AR to GL Reconciliation

Here is small brief on AR Reconciliation. At moment, we may not have


good example on reconciliation but this will give your some brief on
how this works.
Navigation – Control > Accounting > AR to GL Reconciliation
Report

AR to GL Reconciliation Report
The AR to GL Reconciliation report compares the account balances in
Oracle Receivables to those in Oracle General Ledger, and highlights
journal sources where discrepancies might exist. This report simplifies
the reconciliation process by comparing Receivables and General
Ledger account balances in a single place.
Run the AR to GL Reconciliation report:

1. After the Submit Accounting program in Receivables has completed,


and
2. You have reviewed the Unposted Items report to confirm that all
journal entries have posted, and
3. You have used the posting execution reports to confirm that the
journal entries exported from Receivables match those posted in
General Ledger.

The AR to GL Reconciliation report prints by ledger and organizes


data first by company segment, then account type (assets, liabilities,
income, and expense).
This report will show a difference between Receivables and GL
account balances only if items did not successfully post to GL
accounts. The Difference column indicates that the activity in
Receivables compares to the journal source of Receivables in the
general ledger. If the actual balance of a specific account is different in
Receivables than in the general ledger, then the following columns
highlight the type of journals that affect the account balances:

 GL Source Manual: Manual journal entries made in the general


ledger.
 GL Subledgers Not AR: Journal entries posted to the general ledger
from other subledgers, such as Oracle Payables or a legacy feeder
system.
 Unposted in GL: Unposted journals in the general ledger.

If manual journal entries exist in the general ledger, then you might
need to reverse these journal entries if corrections were already made
in Receivables.
If other subledgers post to these accounts, then you might need to
make corrections in those subledgers, make manual corrections in the
general ledger, or reconcile your other feeder systems separately.
After taking the required corrective actions, run the AR to GL
Reconciliation report again to confirm that AR and GL accounts are
now in balance.

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