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Free preview · Implementing Cloud Financials: From Empty Pod to Go-Live

The data flow map

Four traces, each following a transaction from where it starts to where it lands on the trial balance. Watch where they all go.

  • Trace one. Supplier invoice into Payables, through Subledger Accounting, into the General Ledger, onto the trial balance.
  • Trace two. Customer invoice into Receivables, through Subledger Accounting, into the General Ledger — then the receipt into Cash Management, and reconciliation.
  • Trace three. Expense report, approval, a Payables invoice, payment, bank statement, reconciliation. Five modules, for one employee lunch. This is the trace that makes the map click.
  • Trace four. Capital purchase into Payables, through mass additions into Assets, depreciation, Subledger Accounting, General Ledger.

Every one of those four passes through Subledger Accounting. It is the single point where a business event becomes accounting.

So if a journal looks wrong, Subledger Accounting is where you look. That one sentence will save you more hours over a career than anything else in this module — before you question the ledger, the supplier, or your own arithmetic, go and read what the accounting rules did with the event.

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That is the end of the free preview. The full course covers the rest of the curriculum, with the assessment and a certificate on completion.

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