Control accounts are General Ledger accounts accessed from Oracle Payables, Receivables, and Inventory, for which Subledger Accounting automatically creates detailed balances. Control Accounts prevent users from entering data from unauthorized sources.
Benefits of Control Accounts
• Improved Data Integrity
- Only allow approved source to post to an account
• Streamlined Reconciliation
- Enforce consistency between source system and GL account balance
Control Accounts Setup and Process
When defining your natural account segment values, you can designate an account as a control account using the qualifier in the segment values window.
1) You can select the journal source from which data can originate for each control account.
2) SLA and GL will verify that only data from the specified source can be posted to the control account.
