Wednesday, December 12, 2012

Period End Processing In Oracle


1. Projects
1. Change the Current Oracle Projects Period Status from Open to Pending Close
2. Open the Next Oracle Projects Period
3. Complete All Maintenance Activities
4. Run Maintenance Processes
5. Complete All Transaction Entry for the Period Being Closed
6. Run the Final Cost Distribution Processes
6a.Run the Generate Cost Accounting Events Program
7.Interface Transactions to Other Applications
8.Generate Draft Revenue for All Projects
9.Review and Release Revenue for All Projects
10.Run Generation Revenue Accounting Event Process
11.Run Create Accounting
12.Generate Invoices
13.Run Final Project Costing and Revenue Management Reports
14.Transfer Invoices to Oracle Receivables
15.Run Period Close Exceptions and Tieback Reports
16.Change the Current Oracle Projects Period Status from Pending Close to Closed
17.Advance the PA Reporting Period
18.Update Project Summary Amounts
19.Restore Access to User Maintenance Activities
20.Permanently Close the Oracle Projects Period (Optional)
21.Reconcile Cost Distribution Lines with General Ledger (Optional)

2. Order Management
1. Complete All Transactions for the Period Being Closed
2. Ensure all Interfaces are Completed for the Period (Optional)
3. Review Open Orders and Check the Workflow Status
4. Review Held Orders
5.Review Customer Acceptances
6.Review Discounts
7.Review Back Orders
8.Review and Correct Order Exceptions
9. Reconcile to Inventory
10.  Create Service Contracts (Optional)
11. Reconcile to Receivables (Optional)
12. Run Standard Period End Reports

3. Cash Managment
1. Complete Daily Cash Management Activities
2. Load Bank Statements
3. Generate Sweep Transactions
4. Generate Bank Statement Cashflows
5. Reconcile Bank Statements
6. Create Miscellaneous Transactions
7. Review Auto-Reconciliation Execution Report
8. Resolve Exceptions on the AutoReconciliation Execution Report
9. Run Bank Statement Detail Report
10. Run Transactions Available for Reconcilation Report
11. Resolve Un-reconciled Statement Lines
12. Post to General Ledger
13. Run the GL Reconciliation Report
14. Run the Account Analysis Report for the General Ledger Cash Account
15. Review the Account Analysis Report
16. Correct any Invalid Entries to the General Ledger Cash Account (Optional)

4. Payables
1. Complete All Transactions for the Period Being Closed
2. Run the Payables AutoApproval Process for All Invoices / Invoice Batches
3. Review & Resolve Amounts to Post to the General Ledger
4. Reconcile Payments to Bank Statement Activity for the Period
5. Transfer All Approved Invoices Payments, Reconciled Payments to the General Ledger
6. Review the Payables to General Ledger Posting Process After Completion
7. Submit the Unaccounted Transactions Sweep Program
8. Close the Current Oracle Payables Period
9. Accrue Un-invoiced Receipts
10. Reconcile Oracle Payables Activity for the Period
11.  Run Mass Additions Transfer to Oracle Assets
12. Open the Next Payables Period
13. Run Reports for Tax Reporting Purposes (Optional)
14. Run the Key Indicators Report (Optional)
15. Purge Transactions (Optional)

5. Receivables
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
10a. Print Invoices
10b. Print Statements (Optional)
10c. Print Dunning (Reminder) Letters (Optional)
11. Close the Current Oracle Receivables Period
12. Review the Subledger Period Close Exceptions Report
13. Third Party Balance’s Report
14. Reconcile Posted Journal Entries
15. Review Unposted Items Report
16. Review Account Analysis Report
17. Open the Next Oracle Receivables Period
18. Run Reports for Tax Reporting Purposes – ebTax (Optional)
19. Run Archive and Purge programs (Optional)

6. Purchasing
1. Complete All Transactions for the Period Being Closed
2. Review the Current and Future Commitments (Optional)
3. Review the Outstanding and Overdue Purchase Orders (Optional)
4. Follow up Receipts-Check with Suppliers
5. Identify and Review Un-invoiced Receipts (Period End Accruals)
6. Follow Up Outstanding Invoices
7. Complete the Oracle Payables- Period End Process
8. Run Receipt Accruals - Period End Process
9. Reconcile Accounts - Perpetual Accruals
10. Perform Year End Encumbrance Processing. (Optional)
11. Close the Current Purchasing Period.
12. Open the Next Purchasing Period.
13. Run Standard Period End Reports (Optional)

7. Inventory / Work In Progr.
1. Complete All Transactions for the Period Being Closed.
2. Check Inventory and Work In Process Transaction Interfaces.
3. Check Oracle Order Management Transaction Process.
4. Review Inventory Transactions.
5. Balance the Perpetual Inventory.
6.Validate Work In Process Inventory.
7. Transfer Summary or Detail Transactions
8. Close the Current Oracle Payables and Oracle Purchasing Periods
9. Close the Current Inventory Period
10. Open the Next Inventory Period
11. Run Standard Period End Reports (Optional)

8. Assets
1. Complete All Transactions for the Period Being Closed
2. Assign All Assets to Distribution Lines
3. Run Calculate Gains and Losses (Optional)
4. Run Depreciation
5. CreateAccounting
6. Rollback Depreciation
7. Create Deferred Depreciation Journal Entries (Optional)
8. Depreciation Projections(Optional)
9. Review and Post Journal Entries
10. Reconcile Oracle Assets to Oracle General Ledger Using Reports.
11. Run Responsibility Reports (Optional)
12. Archive and Purge Transactions (Optional)

9. Treasury
1. Complete Daily Trading Activities
2. Perform Revaluation
3. Generate Accruals and Amortization
4. Generate Journals
5. Transfer Journals to General Ledger

10. General Ledger
1. Ensure the Next Accounting Period Status is Set to Future Entry
2. Complete Oracle Sub-ledger Interfaces to Oracle General Ledger
3. Upload Journals from ADI (Applications Desktop Integrator) to Oracle General Ledger
4. Complete Non-Oracle Sub-ledger Interfaces to Oracle General Ledger (Optional)
5. Generate Reversal Journals (Optional)
6. Generate Recurring Journals (Optional)
7. Generate Mass Allocation Journals (Optional)
8. Review and Verify Journal Details of Unposted Journal Entries
9. Post All Journal Batches
10. Run General Ledger Trial Balances and Preliminary Financial Statement Generator  Reports (FSGs)
11. Revalue Balances (Optional)
12. Translate Balances (Optional)
13. Consolidate  Ledgers(Optional)
14. Review and Correct Balances (Perform Reconciliations)
15. Enter Adjustments and / or Accruals and Post
16. Perform Final Adjustments
17. Close the Current Oracle Gneral Ledger Period
18. Open the Next Oracle General Ledger Period
19. Run Financial Reports for the Closed Period
20. Run Reports for Tax Reporting Purposes (Optional)
21. Perform Encumbrance Year End Procedures (Optional)

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