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EBS R12 Period Close Advisor: Purchasing (Doc ID 1359462.1)

Last updated on DECEMBER 05, 2019

Applies to:

Oracle Purchasing - Version 12.0.0 and later
Information 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

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