Oracle Journal Approval and How to enable GL Journal Approvals

Oracle General Ledger (GL)

Oracle Journal Approval and How to enable GL Journal Approvals

Journal Approval feature to ensure that journal entries and batches are approved by appropriate management personnel before the journals can be posted to your account balances.

 

Following are the steps to enable journal approval

 

1.     Enable Journal Approval for your set of books

2.     Specify journal sources that require journal approval

3.     Create an approval hierarchy

4.     Define authorization limits

1: Enable Approval while defining setup books

You need to enable Journal approval from the Accounting setup while.

2: Defining Journal Sources

Journal sources identify the origin of your journal entries. General Ledger supplies a number of predefined journal sources. In addition, you should define at least one journal source for each of your own, non-Oracle feeder systems to help you track imported journal entries.

3:Create an approval hierarchy

When you enter an employee, you also enter the employee's supervisor or manager name. The supervisor is the default next approve for journal entries and batches. Likewise, the supervisor's manager is the next approver after the supervisor.

4: Define authorization limits:

Navigate to the Journal Authorization Limits window.

·    

•     Select Ledger name
•         Employee to define limit
•         Enter authorization limit.