How To Create a New Ledger in Fusion General Ledger

The creation of a ledger is done via a new Fusion product called Functional Setup Manager or FSM.
FSM allows to create implementation projects to which you assign setup related tasks.
Following is a list of minimum steps needed to create a ledger using FSM.

1. In Functional Setup Manager, create a new implementation project and click on Save and Open Project. 

2. Select and Assign the task list Define Ledgers to the implementation project.

3. Expand the Define Ledgers task list and Go to Task Define Accounting Configurations. At this point you will get a pop-up window 
that prompts you to either select an existing scope or to create a new one. 
Scope in this context refers to ledger. Since we are creating a new ledger, click on Create New.

4. After clicking on Create New you are back to the Implementation Project page with the list of tasks under Define Accounting Configuration. 
At this point click on Go to Task for the task Manage Primary Ledgers.

5. Within the Manage Primary Ledgers window select create a new ledger, enter the options for the new ledger and click on Save and Edit Task List. 
Please note the ledger won’t get created at this point, you have just selected the name, chart of accounts, calendar, currency and accounting method 
that will be used to create the primary ledger at a later time.

6. Upon saving you are taken back to the Implementation project page and the pop-up window in step 3 appears again. 
This time select the option Select and Add. At this point select the ledger you just defined. This will allow you to continue with the definition of the accounting options of the ledger.

7. The resulting implementation project page now shows the selected value in the field Primary Ledger.

8. Go to the mandatory task Specify Ledger Options to define the first accounting period to be opened, the retained earnings account 
and other journal processing options. Note that if you select a value for the Subledger Accounting Method field, the Journal Language field will appear and a language must be entered.

Once those options are selected click on Save and Close.

9. At this point you can go on to perform other configuration steps like assign legal entities, assign balancing segment values, 
define a secondary ledger or reporting currency or you can submit the creation of the new ledger and do those other tasks at a later time. 
Let’s see the final step after the setup is complete, which is to Review and Submit Accounting Configuration. Once you ensure the main components of the ledger are what you wish, click on Submit.

10. Take note of the Enterprise Scheduler Service (ESS) request that is launched upon submission.

Three programs are launched at this point. The parent request is the Accounting Configuration Setup program which launches
two other programs: the GL Accounting Setup and the Cube Creation. The last one is in charge of creating the multi-dimensional Essbase cube of the GL ledger. 
Ensure all of them end successfully.