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 toOracle Fusion Applicationswith a user that has privileges to configureSubledger Accounting Rules.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), select:

Financials

Subledger Accounting

Manage Journal Line Rules

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

ClickCreateto 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”)

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

Save and Close.

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

ClickCreateagain 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”)

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

Save and Close.

Step 4: Validate and Deploy the Rules

Navigate toManage Accounting Methods.

Find the accounting method used for theAHC Loansubledger.

Attach the newly createdJournal Line Rulesto the appropriateJournal 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 toSubledger Accounting > Accounting Entries.

Generate accounting for a testLoan Origination, Interest Accrual, or Paymenttransaction.

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 into Oracle Fusion with appropriate privileges for Subledger Accounting.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage Account Rules.

Step 2: Create the Account Rule

ClickCreateto add a newAccount 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

ClickSave, then proceed to definePriorities.

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

ClickAdd Rowto definePriority 1.

SetPriority Orderas1.

DefineCondition:

IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)

Source Type: UseTransaction Typeas the basis.

ClickSave.

Priority 2: Derived from Customer

ClickAdd Rowto definePriority 2.

SetPriority Orderas2.

DefineCondition:

IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)

Source Type: UseCustomer Categoryas the basis.

ClickSave.

Priority 3: Default Revenue Account

ClickAdd Rowto definePriority 3.

SetPriority Orderas3.

DefineCondition:

Default Revenue Account = 4999(for any other transactions)

Source Type: UseConstant Value.

ClickSave.

Step 4: Validate and Assign the Account Rule

ClickValidateto ensure the rule has no errors.

Navigate toManage Journal Entry Rule Sets.

Locate theAHC BillingJournal Entry Rule Set.

Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).

ClickSave and Close.

Step 5: Test the Account Rule

Go toSubledger Accounting > Accounting Entries.

Generate accounting for different transactions:

Customer Billingshould deriveAccount 4000.

Wholesale Customer Billingshould deriveAccount 4010.

Other transactionsshould deriveAccount 4999.

Review and confirm that the correct accounts are assigned.