My Oracle Support Banner

EBS R12 Period Close Advisor: General Ledger (Doc ID 1359476.1)

Last updated on FEBRUARY 03, 2020

Applies to:

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

Purpose

EBS R12 Period Close Advisor: General Ledger Data for inclusion in advisor 335.1

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
Details
 **Period Close Advisor Overview**
 How to use this Period Close Advisor:
 General Ledger:
 **Evaluate & Prepare**
 1. Review Training Material
 2. Recommended Patching
 3. Validate Setup
 4. Ensure Data Consistency
 **Process & Post Journals**
 1. Ensure the Next Accounting Period Status is set to Future Entry
 2. Complete Oracle Sub-ledger Interfaces to Oracle General Ledger
 3. Upload Journals from Web Applications Desktop Integrator (Web ADI) to Oracle General Ledger (Optional)
 4. Complete Non-Oracle Sub-ledger Interfaces to Oracle General Ledger (Optional: only required if you want to post from non-Oracle systems)
 5. Generate Reversal Journals (Optional)
 6. Generate Recurring Journals (Optional)
 7. Generate Mass Allocation Journals (Optional)
 8. Review and Verify Journal Details of Unposted Journal Entries
 9. Post All Journal Batches
 10. Run the Period Close Exceptions Report
 11. Run GL Trial Balances and Preliminary Financial Statement Generator Reports (FSGs)
 12. Revalue Balances (Optional)
 13. Translate Balances (Optional)
 14. Consolidate Ledgers (Optional)
 **Reconcile**
 1. Reconcile Intercompany (Optional)
 2. Review Account Balances
 3. GL Entry Reconciliation
 4. Clear Suspense Accounts
 5. Reconcile Subsidiary Ledgers
 6. Enter Adjustments and / or Accruals and Post
 **Close Period**
 1. Perform Final Adjustments
 2. Close the Current Oracle General Ledger Period
 3. Open the Next Oracle General Ledger Period
 4. Run the GL Program - Optimizer
 5. Run Financial Reports for the Closed Period
 6. Run Reports for Tax Reporting Purposes (Optional)
 7. Perform Encumbrance Year End Procedures (Optional)
References

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