Accounting Setup Manager

The setup for a set of books has now changed dramatically. The set of books has been renamed to Ledgers, and the method to set up a ledger has been now been changed to a setup wizard.

Before we get into details of how we use the Accounting Setup Manager (ASM) we should review a new data element that has been around since the implementation of E-Business Suite, but has now gained an importance and prominence in the setup process.

The legal entity is now an integral part in the transactional setup in E-Business Suite and has become important in the ledger creation process.

You have to define a legal entity before you start creating a ledger in the Accounting Setup Manager. The legal entity owns all the transactions in the ...

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