AR Period Closure R12
# Action
Finalize the month's CM
reconciliation
1 Check auto-invoice Lines
2 Complete all AR Transactions
(Invoices, credit/debit memos)
3 Process Pending Adjustments and
Receipts Write Offs
Reconciliation with GL
4 Submit Accounting and Transfer
to GL
5 Transfer Journal Entries to GL
6 Run “Aging - 7 Buckets - By
Account Report “
7 Check Un-posted Items
8 Posting AR data in GL
9 Reconcile key accounts to GL
balance
10 Close the Current Period
Navigation Path
Cash Management
Control > Auto invoice >
Interface Lines:
Ctrl+ F11
AR: Transactions >
Transactions
> Find transaction screen
choose:
GL Dates TO = EOM
Complete: No
AR: Control > Adjustments >
Approve Adjustments >
Pending > Find
Submit Request: 'Submit
Accounting'
Submit Request: 'Transfer
Journal Entries to GL'
Submit Request:
'Aging - 7 Buckets - By
Account Report'
Submit Request:
'Un-posted Items Report'
GL: Journals > Post
GL: Inquiry > Account
AR: Control > Accounting >
Open/Close Periods
Parameters / Input Data Expected Result Comments
A. Check that if there are errors in the relevant 1. If any line remaining then run AUTOINVOICE for the
period. specific sales order
B. Check 'Ship Date Actual' if there are shipment
lines from relevant period. 2. If any 'Intercompany' lines - check with HQ (Naty)
3. Re-run until no errors neither rejects
Or Submit Request: No incomplet invoices for the
'Incomplete Invoices Report' relevant period.
Or Submit Request: No Data Found in the reprot =
'Adjustment Approval Report' All Adjustment Approved
Status = 'Waiting Approval'
Process adjustments & re-run the report until all
approved
End Date = EOM
Create Accounting = YES
Accounting Mode = Final
Report = Summary
Transfer to General Ledger = Yes
End Date = EOM For accouting that was already created
Reporting Level: Ledger Fill combinations Totals in spreadsheet
Reporting Context: OU
As Of Date: EOM
Report Summary: Customer Summary
Report Format: Brief
Aging Bucket Name: Collections
Show Open Credit: Age
Show Receipts on Risk: Age
End GL Date = EOM Fix un-posted items & return to step 5 until there are No
Unposted Items
Post 'Receivables' Batches
Reconcile combinations: Totals from 'Aging by Spreadsheet:
Account' and 'GL Balances' 'AR Aging' Totals = 'GL Balance'
Close Period & Save If there's any problems use: "Close Pending"