Professional Documents
Culture Documents
Period End Steps
Period End Steps
Purchasing:
Fixed Assets
Receivables
ERP_FUN
12. Review the Subledger period close exceptions report
13. Third party balances report
14. Reconcile Posted Journal entries
15. Review the Unposted items report
16. Review the account analysis report
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17. Open the Receivables nest period
18. Run reports for tax reporting purpose (Optional
Payables
Order Management
General Ledger
01. Ensure the next accounting period status is set to future entry
02. Complete Oracle Sub Ledger interfaces to General Ledger
03. Upload Journal from ADI to General Ledger (Optional)
04. Complete Non Oracle Sub Ledger Interfaces to Oracle General Ledger (Optional)
05. Generate Reversal Journals (Optional)
06. Generate Recurring Journals (Optional)
ERP_FUN
07. Generate Mass Allocation Journals (Optional)
08. Review and Verify Journal Details of Unposted Journal Entries
09. Post All Journal Batches
10. Run the Period close Exceptions Report
11. Run GL Trial Balances Preliminary Financial Statement Generator
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12. Revalue Balances (Optional)
13. Translate Balances (Optional)
14. Consolidate Balances (Optional)
15. Reconcile Intercompany (Optional)
16. Review & Correct Balances
17. Enter Adjustments / Accruals and Post
18. Perform Final Adjustments
19. Close the Current General Ledger Period
20. Open the Next General ledger Period
21. Run Financial Reports for the Closed period
22. Run Reports for Tax Reporting Purposes (Optional)
23. Perform Encumbrance year End Procedures (Optional)
ERP_FUN