Oracle Erp Cloud Period Close Whitepaper

Oracle ERP Cloud Period Close Procedures O R A C L E W H I T E P AP E R | J U N E 2 0 1 5

Table of Contents  Introduction 7  Chapter 1 Period Close Dependencie s 8  Chapter 2 Subledger ccounting O!er!ie" #  Chapter $ Cash %anage&en t  10  1

.

 Co&plete Dail' Cash %anage&ent  cti!ities  10  2

.

 (oad )an* State&ent s  10  $

.

 Reconcile )an* State&ent s  10  +

.

 Re!ie" utoreconcile )an* State&ents Results and Resol!e E,ception s  10  -

.

 Create )an* State&ent Transaction s  10  .

.

 Resol!e /n0reconciled State&ent (ine s  11  7

.

 Create ccounting and Post to eneral (edger   11  8

.

 Sub&it Cash to eneral (edger Reconciliation Repor t  11  #

.

 Sub&it )an* State&ent Repor t  11  13 Sub&it eneral (edger and Subledger ccount nal'sis Repor t

 11  113 Correct an' In!alid Entries to the eneral (edger Cash ccount 4Optional 5  11  Chapter + Pa'roll  12  1

.

 Cost /n0reconciled Pa'&ents  12  23 Transfer Pa'&ent Infor&ation to Cash %anage&ent  12  $

.

 Create ccounting and Transfer to eneral (edger   12  +

.

 Cost Reconciled Pa'&ents and Create  ccounting  12  -

.

 Calculate Partial Period ccrual s  12  Chapter - Pa'ables  1$  1

.

 Co&plete and ppro!e ll Transactions and Pa'&ent 6iles  1$  2

.

 Reconcile Pa'&ents to )an* State&ent  cti!it'  1$

 $

.

 Create ccounting and Transfer to eneral (edge r   1$  +

.

 Sub&it the /naccounted Transactions S"eep Proces s  1$  -

.

 Close the Current Pa'ables Perio d  1+  .

.

 Open the e,t Pa'ables Period  1+  7

.

 Reconcile Pa'ables cti!it' for the Perio d  1+  8

.

 Re!ie" Pa'ables In!oice ging Repor t  17  #

.

 Sub&it Pa'ables In!oice Register and the Pa'ables Pa'&ent Registe r   17  1

.

 ccrue /n0in!oiced Receipts  17  11

.

 Sub&it %ass dditions Transfer to 6i,ed sset s  17  12

.

 Sub&it Transfer Cost Infor&ation to Cost %anage&en t  17  1$

.

 Re!ie" Third Part' )alances Report 4Optional 5  17  1+

.

 Sub&it eneral (edger and Subledger ccount nal'sis Repor t  18  1-

.

 Re!ie" Reports for Ta, Reporting Purposes 4Optional 5  18  Chapter . Proects  1#  1

.

 Close 6eeder S'ste&s  1#  2

.

 I&port transactions into Proect s  1#  $

.

 Set Period Status in Proects to Close Pendin g  1#  +

.

 Ensure e,t Period is Open or 6uture Enterabl

 1#  -

.

 Process Cost Transactions  1#  .

.

 Create ccounting for Cost Transaction s  1#  7

.

 enerate sset (ines and Interface to 6i,ed ssets .  1#  8

.

 enerate Re!enue  20  #

.

 enerate In!oices and Interface to Recei!able s  20  1

.

 Re!ie" and Resol!e )illing Transaction E,ception s  20  11

.

 Reclassif' )illing Offset )alance s  20

ORC(E ERP C(O/D PERIOD C(OSE PROCED/RES

 12

.

 Create ccounting for Re!enue and )illing Offset s  20  1$

.

 Sub&it and Re!ie" the Period Close E,ceptions Report s  20  1+

.

 9erif' that all Transactions are ccounte d  20  1-

.

 Sub&it the Proect Cost ccount Reconciliation report 4Optional 5  20  1.

.

 Close Period  20  Chapter 7 Recei!ables  21  1

.

 Co&plete ll Transactions for the Period )eing Close d  21  2

.

 Recogni:e Re!enue  21  $

.

 Reconcile Receipts to )an* State&ent cti!it' for the Perio d  21  +

.

 Create ccounting and Transfer to eneral (edge r   21  -

.

 Pending Close the Current Recei!ables Perio d  21  .3 Open the e,t Recei!ables Perio d  21  7

.

 Re!ie" Subledger Period Close E,ception Repor t  22  8

.

 Re!ie" Potential Reconciling Ite&s Report 4Optional 5  22  #

.

 Reconcile Recei!ables )alances to eneral (edge r   22  1

.

 Re!ie" Recei!ables ging )' eneral (edger ccount Repor t  2 11

.

 Re!ie" Third Part' )alances Report 4Optional 5  2 12

.

 Close Recei!ables Period  2

 1$

.

 Re!ie" eneral (edger and Subledger ccount nal'sis Repor t  2.  1+

.

 Esti&ate Pro!ision for )ad Debt 4Optional 5  2.  Chapter 8 Procure&ent  27  1

.

 Co&plete ll Transactions for the Period )eing Close d  27  2

.

 Re!ie" Outstanding and O!erdue Purchase Orders 4Optional 5  27  $

.

 6ollo" up Receipts 0 Chec* "ith Supplier s  27  +

.

 Co&plete the Pa'ables Period0End Proces s  27

ORC(E ERP C(O/D PERIOD C(OSE PROCED/RES

 -3 Perfor& Period0End or ;ear0End )udgetar' Control or Encu&brance Processing 4Optional 5

 27  Chapter # Suppl' Chain %anagerial ccountin g  28  Steps for ccrue at Period En d  28  1

.

 Close the current Pa'ables Perio d  28  2

.

 Sub&it Transfer and ccounting Processe s  28  $

.

 Reconcile and Repor t  28  Steps for ccrue at Receip t  2#  1

.

 Sub&it Transfer and ccounting Processe s  2#  2

.

 Reconcile and Repor t  2#  $

.

 Clear ccruals  2#  Managing Period End in Cost Ao!nting  2#  Period Statuses  $0  )ac*dated Transactions  $0  Cost Cut0off Date Option  $0  Costing Date of Transaction s  $1  E,a&ples  $1  1

.

 Co&plete ll Transactions for the Period )eing Close d  $$  2

.

 Chec* Transaction Interfaces  $$  $

.

 Sub&it Period0End 9alidation s  $$

 +

.

 Chec* and 6i, Cost Processing Error s  $+  -3 Open the e,t In!entor' Perio d  $+  .

.

 Close the Current In!entor' Perio d  $+  7

.

 Sub&it Create ccounting Process in S( in Draft %od e  $+

ORC(E ERP C(O/D PERIOD C(OSE PROCED/RES

 83 Sub&it In!entor' 9aluation Reports and Reconcile the Costing In!entor' 9aluation "it h  eneral (edger   $+

 #3 Sub&it Create ccounting Process in 6inal %od e  $+  Chapter 1 6i,ed sset s  $ 1

.

 Co&plete ll In0Progress Transaction s  $ 2

.

 Co&plete ll Transactions for the Period )eing Close d  $ $

.

 Sub&it Depreciation  $ +

.

 Roll )ac* Depreciation  $ -

.

 Create Deferred Depreciation