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madhu kapireddy

Period closure process checking of transactional data 2011-11-03

Period closure process checking of transactional data

  1. madhu kapireddy
    The following is a note on the period closure process entailing the checking of transactional data, running of transfers of transactional data to the General ledger, reviewing/reconciling of reports and closure of periods in Oracle’s modules.

    These activities needs to be performed on the frequency basis are needed – daily/ monthly for smooth transfer of data and operations. However, the specific activity of closing of periods in respective/relevant modules should take the following order:

    1. Close Period in Payables
    2. Close Period in Purchasing
    3. Close Period in Inventory
    4. Close Period in FA
    5. Close Period in Receivables
    6. Close Period in GL.