To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:

Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page

Log in to Oracle Fusion Applications with a user that has privileges to configure Subledger Accounting Rules .

Go to Setup and Maintenance .

In the Functional Setup Manager (FSM) , select:

Financials

Subledger Accounting

Manage Journal Line Rules

Step 2: Create the "Interest Receivable" Journal Line Rule

Click Create to add a new Journal Line Rule.

Enter the following details:

Name : Interest Receivable

Subledger Application : AHC Loan

Event Class : AHC Loan

Event Type : Loan Origination, Interest Accrual, Payment

Account Class : (Choose the appropriate account class, such as "Receivable" or a custom account class)

Line Type : Debit

Description : (Optional, enter something like “Recognizes interest receivable”)

Under Conditions , define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 3: Create the "Interest Income" Journal Line Rule

Click Create again to add the second Journal Line Rule.

Enter the following details:

Name : Interest Income

Subledger Application : AHC Loan

Event Class : AHC Loan

Event Type : Loan Origination, Interest Accrual, Payment

Account Class : (Choose an appropriate account class, such as "Revenue" or a custom account class)

Line Type : Credit

Description : (Optional, enter something like “Recognizes interest income”)

Under Conditions , define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 4: Validate and Deploy the Rules

Navigate to Manage Accounting Methods .

Find the accounting method used for the AHC Loan subledger.

Attach the newly created Journal Line Rules to the appropriate Journal Entry Rule Set .

Validate the changes and submit them for approval.

Once validated, deploy the accounting method.

Step 5: Test the Journal Line Rules

Navigate to Subledger Accounting > Accounting Entries .

Generate accounting for a test Loan Origination, Interest Accrual, or Payment transaction.

Verify that the correct Journal Entries are created:

Interest Receivable (DR)

Interest Income (CR)

Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion

Step 1: Navigate to Manage Account Rules

Log in to Oracle Fusion with appropriate privileges for Subledger Accounting.

Go to Setup and Maintenance .

In the Functional Setup Manager (FSM) , navigate to:

Financials

Subledger Accounting

Manage Account Rules .

Step 2: Create the Account Rule

Click Create to add a new Account Rule .

Enter the following details:

Name : Revenue Account

Subledger Application : AHC Billing

Process Category : AHC Billing

Event Class : AHC Billing

Event Type : Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Rule Type : Account

Click Save , then proceed to define Priorities .

Step 3: Define Three Priorities for the Revenue Account Rule

Now, define three priorities for determining the revenue account:

Priority 1: Derived from Transaction Type

Click Add Row to define Priority 1 .

Set Priority Order as 1 .

Define Condition :

If Transaction Type = "Customer Billing" , then Account = 4000 (Revenue Account)

Source Type : Use Transaction Type as the basis.

Click Save .

Priority 2: Derived from Customer

Click Add Row to define Priority 2 .

Set Priority Order as 2 .

Define Condition :

If Customer Category = "Wholesale" , then Account = 4010 (Wholesale Revenue)

Source Type : Use Customer Category as the basis.

Click Save .

Priority 3: Default Revenue Account

Click Add Row to define Priority 3 .

Set Priority Order as 3 .

Define Condition :

Default Revenue Account = 4999 (for any other transactions)

Source Type : Use Constant Value .

Click Save .

Step 4: Validate and Assign the Account Rule

Click Validate to ensure the rule has no errors.

Navigate to Manage Journal Entry Rule Sets .

Locate the AHC Billing Journal Entry Rule Set.

Assign the newly created Revenue Account Rule to the appropriate Journal Line Rule (such as Revenue or Income).

Click Save and Close .

Step 5: Test the Account Rule

Go to Subledger Accounting > Accounting Entries .

Generate accounting for different transactions:

Customer Billing should derive Account 4000 .

Wholesale Customer Billing should derive Account 4010 .

Other transactions should derive Account 4999 .

Review and confirm that the correct accounts are assigned.