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Showing posts from September, 2018

Sequence of closing the periods

Sequence of closing the periods Sequence of closing the periods O2C Add caption 1. Order Management / Shipping 2. Cash Management / Treasury 3. Payables 4. Receivables 5. Purchasing 6. Inventory / Costing 7. Projects 8. Assets 9. General Ledger Payables Complete All Transactions for the Period Being Closed Run the Payables AutoApproval Process for All Invoices / Invoice Batches Review & Resolve Amounts to Post to the General Ledger Reconcile Payments to Bank Statement Activity for the Period Transfer All Approved Invoices Payments, Reconciled Payments to the General Ledger Review the Payables to General Ledger Posting Process After Completion Submit the Unaccounted Transactions Sweep Program Close the Current Oracle Payables Period Accrue Uninvoiced Receipts Reconcile Oracle Payables Activity for the Period Run Mass Additions Transfer to Oracle Assets Open the Next Payables Period Run Reports for Tax Reporting Purposes (Optional) Run the Key Indicators Report (Optional) Purge Trans...