Journal Categories

Journal categories help you differentiate journal entries by purpose or type, such as accrual, payments or receipts. When you enter journals, you specify a category.

Defining Journal Categories

You can define intercompany and suspense accounts for specific categories. You can also use document sequences to sequentially number journal entries by category. Journal categories appear in standard reports, such as the General Journals report. General Ledger provides the predefined journal categories shown in the following table:

To define a new journal category
1. Navigate to the Journal Categories window.
2. Enter a unique Name and Description for your journal category. You cannot delete a category after saving your work.
3. (Optional) Specify the Reversal Method you want to use for this category in the Reversal Criteria window.

Oracle Applications Fusion Cloud - Inventory

Oracle Cloud/Fusion Procurement training will help you develop the fundamental skills required to set up and use the Procurement module. This training covers all the tasks, setups, forms and reports used in Procurement and related modules