Period Close Process In AR

1. Complete All Transactions for the Period Being Closed.
2. Reconcile Transaction Activity for the Period.
3. Reconcile Outstanding Customer Balances
4. Review the Unapplied Receipts Register.
5. Reconcile Receipts.
6. Reconcile Receipts to Bank Statement Activity for the Period
7. Post to the General Ledger
8. Reconcile the General Ledger Transfer Process
9. Reconcile the Journal Import Process
10. Print Invoices
11. Close the Current Oracle Receivables Period
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 Account Analysis Report
17. Open the Next Oracle Receivables Period.
18. Run Reports for Tax Reporting Purposes (Optional).