Primary Ledger
A Primary Ledger in Oracle Fusion Cloud General Ledger is the main record-keeping entity for a legal entity. It combines four components: Chart of Accounts, Accounting Calendar, Ledger Currency, and Accounting Method. This guide walks through all 9 steps to create a Primary Ledger — from navigation to final verification. What is a Primary Ledger? Every financial transaction in Oracle Fusion Cloud is ultimately recorded in a Primary Ledger. The ledger is built on four key components: Chart of Accounts — Defines the segment structure used for account coding Accounting Calendar — Defines fiscal periods and the financial year structure Ledger Currency — The functional currency in which all balances are stored Accounting Method — Subledger Accounting rules for journal creation Prerequisites: Before creating a Primary Ledger, the following must already be configured — Chart of Accounts (with all segments and value sets), Accounting C...