EBS R12 Period Close Advisor: General Ledger
(Doc ID 1359476.1)
Last updated on AUGUST 30, 2023
Applies to:
Oracle General Ledger - Version 12.0.0 and laterInformation in this document applies to any platform.
Purpose
EBS R12 Period Close Advisor: General Ledger 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: |
| 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 |