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Month End Activity For Oracle R12

The document provides month end closing activities for various Oracle R12 modules including AP, AR, Assets, GL, and Purchasing. Key activities include completing all transactions for the period, reconciling accounts, running reports to identify exceptions, posting transactions to the general ledger, and closing the period for each module. Completing these closing tasks is important for accurate financial reporting at the end of each accounting period.

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Dinesh Kumar
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358 views

Month End Activity For Oracle R12

The document provides month end closing activities for various Oracle R12 modules including AP, AR, Assets, GL, and Purchasing. Key activities include completing all transactions for the period, reconciling accounts, running reports to identify exceptions, posting transactions to the general ledger, and closing the period for each module. Completing these closing tasks is important for accurate financial reporting at the end of each accounting period.

Uploaded by

Dinesh Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Month End Activity For Oracle R12

Period Closing Activity for All Module


Module Month End Activity
AP Complete All invoices ,Cr memos,Dr Memos,Prepayment invoices for the period
Run the payable Approval process for All invoices
Review the invoice on hold report ----Hold and release invoice untick on accounted
Review the Unaccounted Transaction report
Optionally run a payment process request at the month end
Transfer all approved invoices and payments to the GL
Review the payable to GL posting process after completion
The sub ledger accounting program report generated by the create accounting program
The posted invoices register
The posted payment register
Submit the Unaccounted Transactions sweep Program
Reconcile payments to Bank statement activity for the period as described in cash
management.
Run mass addition transfer to Oracle Asset
AR Complete all transactions for the period being closed
Review the unapplied receipt register
Reconcile receipts to bank statement Activity for the period
Post to the GL
Review the sub-ledger period close exception report  and unposted transaction report
Asset Complete prepare and post mass addition 
Complete Manual Addition,Adjustments,Retirements
Run Depreciation
Create Accounting
GL Complete Oracle Sub ledger interfaces to Oracle GL
Complete recurring journals and journal reversals
Complete mass allocation journals
Verify any unposted journals and post all journal batches
Run sub ledger period close exception report
Reconcile all inter company accounts and centra process
Run the consolidation process
Run 'Post all journals"
Run "Closs Process-Create income statement closing journals"
Run "Closs process-Create Balancesheet closing journals"
Then Close the period. 
PurchaseComplete PR,PO & Releases,Receipts and returns
Identify and review Uninvoiced Receipts
Run the receipt accruals
Perform year end encumbrance processing

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