What is Sub Ledger Accounting?
“SLA is a robust, centralized accounting engine and a repository that facilitates true global accounting”. R12 Sub Ledger Accounting is designed to offer global visibility into enterprise-wide accounting information with a single, global accounting repository and with user driven reporting. By introducing SLA in EBS, Oracle has separated Accounting from Transaction. It is to be noted that SLA is complementary to the existing account generation tools like Auto accounting or Work flow accounting generator. SLA streamlines these processes and facilitates management of accounting rules in a global manner. Key Features of SLA: • Enables a single business transaction (Business Event as per new terminology) to create multiple journals using multiple accounting representations across multiple currencies • SLA serves as an intermediate layer between the sub-ledger products (AP, AR.
