Configuring year end journals

Use this procedure to enable year end journals for statutory reporting.

  1. Select Application Administration > Financials > Global Ledger > Setup.
  2. On the Maintenance panel, click Finance Enterprise Groups.
  3. Open a finance group record.
  4. On the Reporting Basis tab, select the reporting basis for the locale’s statutory reporting.
  5. Select the Generate Year End Journals check box.
  6. Click Save.