Close Process
Discussion List
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Can we open the new GL period before closing the old oneSummary: Currently our Finance team closes the previous months GL period on 8th working day of the month. This is causing lot of journals to be left Unposted as the new …ashwin.khatwani 33 views 2 comments 1 point Most recent by ashwin.khatwani General Ledger & Intercompany -
Restrict Ability to Re-Open Prior PeriodsSummary: Content (please ensure you mask any confidential information): Is there a security measure that can be enforced on the Period Close privilege so that the user c… -
Can we get a starting date on the ESS Job Create AccountingWe'd like a "Starting Date parameter on the Create Accounting ESS Job to limit the Journal Entry Errors and Warnings on the Create Accounting Execution Report. We have m…Gerardo Carrillo 11 views 1 comment 0 points Most recent by Mihaela Cozma GL-Oracle General Ledger & Intercompany -
Income Statement Closing Journal QuerySummary: The Client wants to run the Income Statement Closing each month. I have tried both the approach. 1) I have run the process by providing the closing account(Reta…
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Trial balance for reporting currency is unbalancedSummary: Content (please ensure you mask any confidential information): We have a new primary ledger created with currency INR and reporting currency USD. Opened the fir…
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Revaluation is not calculating for all expected accountsWe have been running revaluation for a number of years now and all the accounts that have a foreign currency balance under the parent account defined in the revaluation … -
Open GL period automaticallyDear all, Our customer asks if it is possible to automatically open GL period? Currently we open our GL periods manually every month. Regards, Amil
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Fusion Consolidation_Challenges_need suggestionSummary: Fusion Consolidation_Challenges_need suggestion Content (please ensure you mask any confidential information): Business operates across the world and created 20…Kumar 57 21 views 1 comment 0 points Most recent by Andreea Brem-Oracle General Ledger & Intercompany -
Will Global Accounting Calendar design be impacted by time zone?Summary: We would like to know whether Global Accounting Calendar design will be impacted by difference in time zone. Any other things need to be concern? Content (pleas…Chloe L-Oracle 11 views 1 comment 0 points Most recent by Baidehi Nanda–Support-Oracle General Ledger & Intercompany
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Revaluation journal is not reversed in next periodSummary: Content (please ensure you mask any confidential information): 0. GL periods are closed till May-24. Jun-24 is current GL open period. 1. Specify Ledger Options…
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How to delete the Journal batch which Approval Status is 'In process'?Summary: One user submiited Journal for Approval, who was not defined in the Journal approval rule. Now the Journal entry is in Approval Status - In process. Our Approva…saketjain 42 views 2 comments 0 points Most recent by Kamal Ibrahim-Oracle General Ledger & Intercompany
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Reconciliation when setting up Auto receipt accrual clearing ruleSummary: We had a requirement to clear accruals for Finally closed POs. So, we are testing by creating an accrual clearing rule. We created accrual clearing rule for thi…
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how to schedule create accounting daily (incremental end day)Summary: how to schedule create accounting daily (incremental end day) Content (please ensure you mask any confidential information): how is possibile to schedule daily …
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Can the Manage Accounting Period Status privilege give access to specific applications?In the General Accounting Manager role, there's a privilege within that role for Manage Accounting Period Status. Is there a way to break down that privilege further wit…
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What is the best practice to create intercompany elimination for profit and lossSummary: What is the best practice to create intercompany elimination for profit and loss In our scenario we have 2 legal entitys same country share the same calendar, c…Christian Leon 31 views 4 comments 0 points Most recent by Christian Leon General Ledger & Intercompany -
Period close page is having performance issue and not able to access after 24C in chromeSummary: Period close page is having performance issue and not able to access after 24C in chrome Content (please ensure you mask any confidential information): We are u…Arun KumarTangudu-Oracle 72 views 8 comments 0 points Most recent by Polina General Ledger & Intercompany
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What jobs need to be run after a child segment value is added to a parentSummary: If you manually add child account segment values to a parent value via the Manage Accounts Hierarchies screen, what jobs do you need to run for the child values…
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Is the reporting currency ledger functionality the best option for translating balances?Summary: The client executes the translation process at the accounting closing (balance sheet accounts with the closing rate and income statements with the average rate)…ConsultBR00 11 views 1 comment 0 points Most recent by Andreea Brem-Oracle General Ledger & Intercompany
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Transfer Ledger Balances in Single go for all ledgers through Ledger SetSummary: Transfer Ledger Balances in Single go for all ledgers through Ledger Set Content (please ensure you mask any confidential information): We have option to transl…Kumar 57 2 views 1 comment 0 points Most recent by Andreea Brem-Oracle General Ledger & Intercompany
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Spreadsheet source is in incomplete status. What is the purpose of the Complete button?Summary Purpose of Summary buttonContent Looking for clarity on why some spreadsheets are upload and show in incomplete status. Does marking the journal entry as "Comple…User_2025-02-05-22-11-22-331 57 views 3 comments 3 points Most recent by Ibrahim777 General Ledger & Intercompany -
New document in lieu of 2106894.1Doc id 2505769.1 refers to doc id = 2106894.1 for closing process steps in Fusion and under reference section it has provided a note as follows: NOTE:2016894.1 - This do…
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Nonbusiness DaysIs there a scheduled process for closing Nonbusiness Days in the transaction calendar in General Ledger Cloud? We are looking for a scheduled process that automatically …Miguel Juarez 11 views 2 comments 0 points Most recent by Miguel Juarez General Ledger & Intercompany
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When historical rates and daily rates are used?Daily rates - revaluation Historical rates - translation Are these correct? Any insights?Butch Melvin 11 views 1 comment 0 points Most recent by SauravS-Oracle General Ledger & Intercompany
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Create Accounting for multiple asset books at onceSummary: The client is handeling almost 100 asset book, How can we create Accounting to all of these books at once? Content (please ensure you mask any confidential info…
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Can Revaluation be rerun in a prior period?Summary: Revaluation has run for the current period (JUN-24). The journal has been posted and the GL period has been closed. New accounting period has been opened (JUL-2…
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Is there any functionality to knock off clearing account?Is there any functionality to knock off clearing account?Jiten Jataniya 11 views 1 comment 0 points Most recent by Lakshmi Alagappan-Oracle General Ledger & Intercompany -
Revaluation Reversal Journal to be generated laterSummary: 1. Specify Ledger Options - Run AutoReverse after open period is checked 2. Manage Journal Reversal Criteria Set Category - Revaluation Reversal period - Next N…
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Must the revaluation journal reversal be triggered by opening a new GL Period?Summary: Good Afternoon everyone, Could you please assist me with the following two questions (happy to log them separately if required): As I understand it, the journal…
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Options for restricting positing during month end close?Summary: What process have others found to restrict positing during month end close? Content (please ensure you mask any confidential information): GL Close - As we move…Danny Cook 21 views 1 comment 0 points Most recent by Sarang Prabtani-Oracle General Ledger & Intercompany
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How to track the pending tasks user wise?Summary: How can we track the list of pending tasks user wise (this activity is specifically required to keep a track of period end activities)?? Can User specific task …Jiten Jataniya 11 views 1 comment 0 points Most recent by Razvan Paduraru-Oracle General Ledger & Intercompany