Fusion General Ledger Introduction 1. What is GL in Oracle Fusion Cloud Finance ? GL = General Ledger The General Ledger (GL) is the central accounting hub of Oracle Fusion Cloud Financials. It is where all financial transactions from different modules (such as Payables , Receivables , Assets , and Cash Management ) are recorded, summarised, and reported. Key Functions of GL Record Transactions All journal entries from sub- ledgers (AP, AR, FA, etc.) flow into the GL. You can also create manual journals directly in GL. Financial Reporting GL provides real-time financial data for generating trial balances , balance sheets , profit and loss statements, and other statutory reports . Chart of Accounts (CoA) GL uses a structured Chart of Accounts to classify and record transacti...