My Oracle Support Banner

E1: FIN: How To Close A Fiscal Year In JD Edwards EnterpriseOne Financial Management (Doc ID 1620858.1)

Last updated on JANUARY 28, 2019

Applies to:

JD Edwards EnterpriseOne General Ledger - Version XE and later
JD Edwards EnterpriseOne Accounts Receivable - Version XE and later
JD Edwards EnterpriseOne Accounts Payable - Version XE and later
Information in this document applies to any platform.

Purpose

Overview Fiscal Year

A fiscal year end is the completion of a one-year, or 12 month accounting period.  The process of closing financial books in order to compute retained earning amounts (i.e. the net income for a company) and the balance forward for the next year, and to ensure that the statements for the company are correct.

The Year-End Close tasks comprises of:
    • Run integrity reports and correct errors
    • Run Tax reports
    • Set up a Date Pattern for the new Fiscal Year
    • Close the accounting period for AP, AR, and GA
    • Purge records
    • AR, AP and GA specific tasks

Scope

This document provides a consumable version of the "JD Edwards EnterpriseOne How to Close a Fiscal Year in Financials" webcast presentation. 

Details

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Purpose
 Overview Fiscal Year
 
Scope
Details
 Tax Reporting
 Date Patterns (P0008)
 Close an Accounting Period
 Closing a Fiscal Year - Accounts Receivable
 Run Accounts Receivable Integrity Reports
 Accounts Receivable Unrealized Gains and Losses (R03B426)
 Accounts Receivable “As Of” Reports
 Compare the “As Of” amounts to the AR Trade account balance 
 Statistics Annual Close (R03B161)
 Purge Accounts Receivable Data
 Closing a Fiscal Year - Accounts Payable
 Run Accounts Payable Integrity Reports
 Accounts Payable Unrealized Gains and Losses (R04425)
 Accounts Payable “As Of” Reports
 Compare the “As Of” amounts to the AP Trade account balance 
 Update YTD Voucher Amount
 Purge Accounts Payable Data 
 Closing a Fiscal Year - General Accounting
 General Accounting Annual Close (R098201)
 Overview
 Setup: Automatic Accounting Instructions (P0012)
 Setup: Ledger Type Rules (P0025)
 Setup: Company Names and Numbers (P0010)
 Tasks Before Running the Annual Close
 Process: Annual Close (R098201) - Processing Options
 First Annual Close Example
 Second Annual Close Example
 Third Annual Close Example
 Intercompany Settlements
 General Accounting Adjustments
 General Accounting Budgets
 General Accounting Summarize and Purge
 General Ledger Financial Reports
 Year-End Financial Reports
 Financial Year-End Checklist
References

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.