What step must be performed to ensure journal entries are generated for sub ledger journal entry rule sets?

To ensure that journal entries are generated for sub ledger journal entry rule sets, it is essential to activate the Sub ledger Journal Entry Rule Set Assignments. This step is crucial because the rule sets define how transactions are converted into journal entries, and without activating these assignments, the transactional data will not be processed into the financial system as expected.

Activating the rule set assignments links the defined rules to the corresponding sub ledger transactions, allowing Oracle Cloud to understand how to manage and allocate financial data from sub ledgers to the general ledger. This ensures that every entry adheres to the established accounting policies and regulatory requirements based on the business needs.

In this context, while completing all transactions for the period, re-validating prior rules, and reviewing historical entries may be part of a broader financial management and review process, they do not directly enable the generation of journal entries by themselves. These actions might be relevant for data accuracy or compliance checks, but the activation of the rule set assignments is the critical step that directly impacts the creation of the journal entries from sub ledger transactions.