R12: AP: Period Close Advisor: Payables
(Doc ID 1400962.1)
Last updated on SEPTEMBER 19, 2024
Applies to:
Oracle PayablesInformation in this document applies to any platform.
Purpose
EBS R12 Period Close Advisor: Payables Data for inclusion in advisor 335.1.
Scope
Details
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In this Document
| Purpose |
| Scope |
| Details |
| **Period Close Advisor Overview** |
| How to use this Period Close Advisor: |
| Payables: |
| **Evaluate & Prepare** |
| 1. Review Training Material |
| 2. Validate Setup |
| 3. Apply Recommended Patches |
| 4. Ensure Data Consistency |
| **Process Transactions** |
| 1. Complete Invoices and Credits |
| 2. Complete Invoice Import |
| 3. Import from external system or Internet Expenses |
| 4. Run Invoice Validation |
| 5. Review the Invoice on Hold Report |
| 6. Complete Payments |
| 7. Run a Payment Process Request at the month end (Optional) |
| 8. Confirm all Payment Instructions |
| 9. Reconcile Payments to Bank Statement Activity for the Period |
| 10. Run the Payments Register (Optional) |
| 11. Submit the Update Matured Bills Payables Status Process |
| **Create Accounting** |
| 1. Run Create Accounting |
| 2. Review the Transfer Journal Entries to GL |
| 3. Run and Review the Unaccounted Transactions Report |
| 4. Transfer All accounted Invoices and Payments to the General Ledger |
| 5. Review the Transfer Journal Entries to GL Report generated from step 4 |
| 6. Run the Posted Invoices Register |
| 7. Run the Posted Payments Register |
| **Reconcile** |
| 1. Run the Accounts Payable Trial Balance |
| 2. Run Third Party Balances Report (Optional) |
| 3. Submit and review Account Analysis Report |
| 4. Run Reports for Tax Reporting Purposes (Optional) |
| 5. Run the Key Indicators Report (Optional) |
| **Close Period** |
| 1. Close the Current Oracle Payables Period |
| 2. Submit the Unaccounted Transactions Sweep Program |
| 3. Accrue Uninvoiced Receipts |
| 4. Run Mass Additions Transfer to Oracle Assets |
| 5. Open the Next Oracle Payables Period |
| References |