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R12 Period Close Procedure for Oracle Receivables (Doc ID 1269489.1)

Last updated on FEBRUARY 03, 2019

Applies to:

Oracle Receivables - Version 12.0.0 and later
Information in this document applies to any platform.

Purpose

Oracle Receivables (AR): Transactions Workbench Information Center > Note 1269489.1


This document provides instructions on how to successfully close an accounting period in R12 Oracle Receivables.

The term close an accounting period is synonymous to other commonly used terms such as:

 IMPORTANT: This information was lifted from the White Paper presented in <Note 961285.1>, R12: Period-End Procedures for Oracle Financials E-Business Suite, which contains Period-end processes for all other Oracle Financial products.

Details

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In this Document
Purpose
Details
 1. Complete All Transactions for the Period Being Closed
 2. Reconcile Transaction Activity for the Period
 3. Reconcile Outstanding Customer Balances
 4. Review and Reconcile Receipts 
 5. Reconcile Receipts to Bank Statement Activity for the Period
 6. Post to the General Ledger
 7. Reconcile the General Ledger Transfer Process
 8. Reconcile the Journal Import Process
 9. Close the Current Oracle Receivables Period
 10. Review Reports and Reconciling AR and GL balances
 11. Open the Next Oracle Receivables Period
 12. Logging a Service Request
 13. Patch Information
 14. Community Discussions
 Feedback
References

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