One of the things that really gets me excited about Release 12 of Oracle eBusiness Suite is the new functionality around sub-ledger accounting. Basically this is what we have been striving for in financial packages for a while now. Essentially the concept behind SLA is that all transactional level details are kept within the subledger so that the General Ledger does not become cluttered with extensive amounts of detail. Until now we have paid lip service to the idea of ‘thin’ chart of accounts but now it seems to be within reach. SLA has a number of other features that can benefit large and medium sized businesses, especially global companies that are forced to maintain separate charts of accounts for statutory reporting purposes. This is something worth reading about and I encourage you to do so. You can read more about SLA in this white paper from Oracle.
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