You are on page 1of 1

Procurement – Month End Activities Process Diagram

Procurement – Month End Activities Process Diagram

Start

Complete all transactions for the period being closed

Review the current and future commitments

Review the outstanding and overdue purchase orders

Follow up Receipts – check with Suppliers

Oracle Procrement

Identify and review Un-invoiced receipts (Period end Accruals)

Follow up outstanding Invoices

Complete the Payables period end process

Run Receipt Accruals – Period end process

Reconcile Accounts

Close the current purchasing period

Open the next purchasing period

Run Standard Period end Reports