Customize GL Outlier Detection
Related information
Related topicsConfigure General Ledger (GL) Outlier Detection to best suit your organization’s requirements.
By default, GL Outlier Detection uses all enabled dimensions in your company as part of the evaluation process. It imposes no restriction on the amount of the submission.
Your organization might determine that some dimensions are more important to include than others. Further, it might require that only submissions over a certain amount need to be scrutinized more carefully.
To customized how GL Outlier Detection evaluates transactions, use the Outlier Detection customization settings. This is needed only when the default values are not right for your organization's needs.
| Subscription | Company General Ledger |
|---|---|
| Regional availability | All regions |
| User type | Business user with admin privileges |
| Permissions | Administration Application subscriptions: List, View, Subscribe, Configure |
| Prerequisites | GL Outlier Detection is enabled General Ledger journal entry approvals enabled |
- At the top level, go to General Ledger > Setup > Approvals > GL Outlier Detection.
- Select a journal.
- Optionally, enable the Outlier Assistant to change the workflow and return flagged entries to the submitter.
- Select a Currency.
If your organization uses multiple currencies, set the currency for the journal.
- Enter the Materiality threshold.
Transactions below this monetary threshold are not evaluated.
- In the Dimension priority column, select the dimensions to use in the evaluation process and the order of their importance. By default, all dimensions that are enabled in the company are used.
- If no dimensions are listed, it means that all of them are used in the evaluation. Select the Select button to create a custom list of dimensions to be evaluated.
- Under Available items, select a dimension to add it to the evaluation process.
- Under Selected items, drag the dimensions to match the order that you want the evaluation process to use. The higher the dimension is in the list, the more weight it carries in the evaluation process.
This is because some journals listed are entity restricted, and the Outlier Detection customization is done at the top level. Each currency is listed (entity-level journals can use different currencies).
How materiality works
For example, you have 2 transactions for approval in the Payroll journal. Your materiality is set at $50, and your dimensions are Class and Location.
The first submission is for $25.50. Because it’s below the materiality threshold, it is not evaluated.
The second submission is for $200.00. This submission is evaluated for class and then location. If there are no anomalies, no outlier is flagged. But if either the class or the location (or both) contains an anomaly, the submission is flagged for review.
No other dimensions are included in the evaluation.
