Knowledge Tip | Fusion Receivables month end Checklist

Summary

Fusion Receivables month end Checklist

Content

1. - Complete month-end activities such as importing billing information, applying receipts and approving adjustments.
2. - If there are unposted transactions with invoicing rules, run Revenue Recognition and review the execution report to confirm all relevant records are picked up for processed.
3. - Set Receivables period status to Close Pending.
4. - Run Create Receivables Accounting for the period to final account activity and post to the general ledger.
5. - Run Subledger Period Close Exceptions Report to review items that may prevent period close and make corrections.
6. Run the Prepare Receivables to General Ledger Reconciliation scheduled process.
7. Review the Receivables to Ledger Reconciliation Report.