EBS R12 Period Close Advisor: Purchasing
(Doc ID 1359462.1)
Last updated on SEPTEMBER 05, 2024
Applies to:
Oracle Purchasing - Version 12.0.0 and laterInformation in this document applies to any platform.
Purpose
EBS R12 Period Close Advisor: Purchasing Data for inclusion in advisor 335.1.
Details
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In this Document
| Purpose |
| Details |
| **Period Close Advisor Overview** |
| How to use this Period Close Advisor: |
| Purchasing: |
| **Evaluate & Prepare** |
| 1. Review Training Material |
| 2. Validate Setup |
| 3. Apply Recommended Patches |
| **Accounts & Accruals Overview** |
| 1. Inventory and Expense Accruals |
| 2. Understanding the accounts being used |
| **Process Transactions** |
| 1. Complete All Transactions for Oracle Purchasing |
| 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 Uninvoiced Receipts (Period-End Accruals) |
| 6. Follow Up on Outstanding Invoices |
| **Create Accounting** |
| 1. Complete the Oracle Payables Period-End Process |
| 2. Run the Receipt Accruals - Period End Process |
| 3. Run Create Accounting Receiving to create accounting in SLA |
| 4. Transfer to General Ledger from SLA |
| 5. Post Accrual and Encumbrance Reversal journal entry batches in your General Ledger |
| 6. Perform Year End Encumbrance Processing (Optional) |
| **Reconciliation** |
| 1. Identify the period-end balances of the following accounts in the General Ledger |
| 2. Analyze the balance of the AP accrual accounts |
| 3. Run the Accrual Reconciliation Load Run program |
| 4. Run the Summary Accrual Reconciliation report |
| 5. Run the AP and PO Accrual Reconciliation Report |
| 6. Run the Miscellaneous Accrual Reconciliation Report |
| 7. Open the Next Oracle Purchasing Period |
| **Close Period** |
| 1. Close the Purchasing Period |
| References |