Manual journals
Recurring and allocation entries keyed by hand or uploaded from spreadsheets every period.
Measure: Journals Created via User Interface %; Journals Created via Spreadsheet %Oracle Fusion General Ledger
Close the books faster. Trust the numbers the first time.
Estimate what fewer manual and corrected journals are worth, and see where manual entries, late subledger journals and post-close adjustments are holding up your Oracle Fusion close.
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500K+life-hours saved
Financial close calculator
What is a cleaner close worth?
Every journal keyed by hand or uploaded from a spreadsheet takes time to create, check and often correct. Estimate the finance time released when fewer journals need a manual touch.
journals
Journals posted in a year across all ledgers. Roughly entities × 12 × journals per month.
%
Journals keyed in the screen or uploaded from spreadsheets.
%
Benchmark is 7%: 5% from spreadsheets and 2% keyed by hand.
$
/hr
Salary, benefits and overhead for the finance team, per hour.
What drives close time
Where close days get lost.
Each one adds manual work between the end of the period and numbers you can sign off.
Late subledger entries
Subledger journals that arrive days after the transaction, so the ledger is not ready to close.
Measure: Delayed Subledger Journal Entries (4 Days); Manual Overrides of Subledger JournalsPost-close adjustments
Errors found after close that force entries into the adjustment period.
Measure: Journals Posted in Adjustment PeriodIntercompany
Intercompany balances that do not match, holding up the close until someone chases them.
Measure: Intercompany Close Cycle TimeAbout the calculator
Straight answers.
The calculator sizes a possibility. Your Oracle Fusion data is what turns it into a number you can act on.
Request a Value DiscoveryWhy does the calculator count journals instead of close days?
Close days are the symptom. Manual and corrected journals are the cause, and they can be counted in Oracle. Fewer manual journals is what takes days off the close.
Why 5 minutes per journal?
It is a cautious average for creating, checking and posting one manual journal. Journals that need correcting take far longer, so the real figure is often higher.
Does this save money?
It frees finance time. That becomes cash only if you redeploy it or avoid hiring, so the calculator shows it as capacity, valued at your loaded cost.
How accurate is the calculator?
It is only as accurate as the assumptions you enter. It is designed to size a possibility, not to produce an auditable number. A Value Discovery replaces your assumptions with evidence from your own Oracle data.
Further reading
More on the financial close
-
The Close That Never Ends: Why GL Period Close Keeps Breaking, and How to Fix It
Why GL period close keeps breaking, and the fixes that take days out of it.
Read the article -
Transform Your Financial Close with Smart Accrual Clearing in Oracle Fusion
Smart accrual clearing in Oracle Fusion: one less manual step at every month end.
Read the article -
Fusion accounting Hub: where it fits and when to use it?
Where the Fusion Accounting Hub fits, and when it is the right place for subledger accounting.
Read the article
Watch
From Orbrick’s YouTube channel
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Oracle FCCS Performance Optimization: 4 Steps to Faster Financial Close 9 min
Next step
Your Oracle data should tell you why the close takes as long as it does.
A Value Discovery counts manual and corrected journals in your own Oracle journal data, and measures post-close adjustments so accuracy is tracked alongside speed.