Close Process
Discussion List
-
How to restrict create accounting and period close by entitySummary: The closing process in Oracle is by Ledger. This creates problem when you have multiple entities [BSV's] within a Ledger. We have a global client with several l…Raj Mohanraju FRNT 18 views 3 comments 0 points Most recent by James McBride General Ledger & Intercompany -
Considerations and best practices for migrating data from an on-premises GL to Cloud GLHi Can anyone help for some real time key considerations and best practices for migrating data from an on-premises General Ledger system to Oracle Cloud General Ledger. …Madhavi Godbole 31 views 1 comment 0 points Most recent by Madhavi Godbole General Ledger & Intercompany -
How to use Income statement closing journals functionality?Summary: We have a requirement of generating Income statement closing journals. We have enabled the same at ledger options and after that generated the journals using th…Sameer_Jain 611 views 5 comments 0 points Most recent by Senthil Mohanraj General Ledger & Intercompany -
How to restrict GL Period Open/Close AccessSummary: How to restrict GL Period Open/Close Access Content (please ensure you mask any confidential information): We have granted General Accountant, General Accountin…Kumar 57 343 views 3 comments 0 points Most recent by Haripriya-Oracle General Ledger & Intercompany -
GL Revaluation Strategy - Initial Period ?Summary: GL Revaluation Strategy - Initial Period ? Content (please ensure you mask any confidential information): Hello I already reviewed the document FAQ on Revaluati…Cesar Saveedra 21 views 1 comment 0 points Most recent by Lakshmi Alagappan-Oracle General Ledger & Intercompany
-
Revaluation Tracking by Multiple Segments - Intercompany SegmentSummary: We want to enable revaluation tracking by additional segments (Other than balancing segments). As per below Oracle note, we can enable tracking by upto 5 segmen…Rajesh_M 102 views 4 comments 0 points Most recent by Vikas Handa-Oracle General Ledger & Intercompany
-
Future Enterable change from 1 to 0 Impact in Accounting.Summary: Future Enterable change from 1 to 0 Impact in Accounting. Content (please ensure you mask any confidential information): We have set Future Enterable Period to …Kumar 57 21 views 4 comments 0 points Most recent by Ravi Kanth Vuddagiri General Ledger & Intercompany
-
GL Year end process checklistSummary: One of our client is looking for to run GL year process. I believe there is the Year process process checklist in MOS. I'm looking for complete list of checklis…LINGAIAH C 43 views 3 comments 0 points Most recent by Hussian Sharief M-Oracle General Ledger & Intercompany
-
Unable to post Receipt to GL as accounting period is closed for Nov 2023Summary: Hi Team, Client is unable to post AR Receipt to GL as accounting period is closed for Nov 2023 & receipt accounting date is Nov 30, 2023. Client don't want to r…Shilpa Pekade 41 views 2 comments 0 points Most recent by Shilpa Pekade General Ledger & Intercompany
-
General Ledger Year end ClosureSummary: Process & Procedure to follow for a Year end Closure. Content (please ensure you mask any confidential information): Our client is using Oracle Cloud Fusion for…Kirtee Jeetah-Naran 121 views 2 comments 0 points Most recent by Eamon Kearney-Oracle General Ledger & Intercompany
-
Who is using Clearing Account Reconciliation?Summary Who is using Clearing Account Reconciliation?Content With R13, Clearing Account Reconciliation feature is provided by Oracle. Is there anyone who is using this f…
-
Split year end P&L between retained earnings and another balance sheet natural accountSummary: At year end, the P&L amount is transferred to retained earnings, and this created the opening balance for the next financial year. Is there a way to transfer so…Nicola S 106 views 2 comments 0 points Most recent by Pooja Asthana-Oracle General Ledger & Intercompany
-
Period Closing controls of 1 Ledger with 2 Balancing SegmentsSummary: Hello, I have two legal entities (AB and XY). Since both entities had the same 3Cs, I made one ledger for both of them. However, this one ledger has two balanci…Ayub 31 views 1 comment 0 points Most recent by Baidehi Nanda–Support-Oracle General Ledger & Intercompany
-
Why is my unposted journal still impacting my dataSummary: Unposted consolidation journal value is being reflected in my figures in FCC. Content (required): Created journals and posted them as periodic and regular. The …
-
Why does revaluation take place when balance is zeroSummary: Revaluation takes place when balance is zero Content (required): I've read note - GLCRVL Revaluation is Taking Place Even When Balance is Zero (Doc ID 294991.1)…Steve Collop 117 views 4 comments 0 points Most recent by Cezar M-Oracle General Ledger & Intercompany -
GL Period Close - unprocessed FA tax book transactionsSummary: We are unable to close the GL for July and the exception report (attached) is saying we have unprocessed transactions in MBC tax books and to run Create Account…
-
Ledger Revaluation Process Audit and ReconciliationSummary Ledger Revaluation Process Audit and ReconciliationContent Hi Does anyone have experience to audit and reconcile the Ledger Revaluation process? I know we can ge…Kashif Hussain-Oracle 89 views 2 comments 2 points Most recent by GAVMAX General Ledger & Intercompany -
Daily Exchange Rate --Impact analysisContent (required): Hi All, Right now we only use the USD currency.We only use one ledger with USD currency .There are no plans of having another ledger with any other c…
-
Close Status area shows subledgers not being used, why?Summary: Would like to understand what determines what's shown in Close Status region and if the defaults can be changed. Content (required): In the Period Close work ar…Delaney Wastler 31 views 3 comments 0 points Most recent by CA Nirmal Choudhary General Ledger & Intercompany
-
Need to Show the Segment Value Description Instead of the Segment Value Code.Summary: Need to Show the Segment Value Description Instead of the Segment Value Code at the account combination for all segments in all entry Screens, Reports, and inqu…Ahmed_Attia 41 views 2 comments 0 points Most recent by CA Nirmal Choudhary General Ledger & Intercompany
-
How to transfer Monthly Net Income to Retained Earning Account?Summary: At month end system will create a journal through a process to create an auto journal with net income. Content (required): For eg. in January month Revenue is 1…Pradnya Bhosale 41 views 1 comment 0 points Most recent by Venkata Kompella General Ledger & Intercompany
-
Why can't errored account combinations used in subledgers be corrected in the subledger?Summary: Cross Validation rules work very well in General Ledger; however, the rules do not apply to the combinations entered in the subledgers. While most account combi…Jeshrie Dayah 31 views 2 comments 0 points Most recent by Sandeep Nayak-Oracle General Ledger & Intercompany -
Transfer Balances to Secondary Ledger to transfer balances, is it ok to run multiple times?Summary: Transfer Balances to Secondary Ledger to transfer balances, is it ok to run multiple times? Content (required): In middle of the month (1July-15July), transfer …Kumar 57 125 views 2 comments 0 points Most recent by CA Nirmal Choudhary General Ledger & Intercompany
-
What do we do when we want to disable the ledger of an affiliated company of ERP cloud?Summary: What should system administrators do when they need to disable or stop using ledgers/functions of an affiliated company within ERP cloud? There are affiliated …Ayumi Tsunematsu-Oracle 31 views 2 comments 0 points Most recent by Ayumi Tsunematsu-Oracle General Ledger & Intercompany
-
Can we process audit journals in the adjustment period after generating closing journalsSummary: Can we process audit journals in the adjustment period after generating closing journals Content (required): We have two adjustment periods, one at the year end…ramesh.sivapalan 21 views 1 comment 0 points Most recent by CA Nirmal Choudhary General Ledger & Intercompany
-
Is it possible to add new value within existing Reconciliation Type-Clearing Account ReconcilaitionSummary: Is it possible to add new value within existing Reconcilaition Type-Clearing Account Reconcilaition Content (required): We are looking to understand whether it’…AmitJain 61 views 4 comments 0 points Most recent by Ravi Prakash Shukla-Oracle General Ledger & Intercompany
-
General Ledger FAQ for Open/Close Period (Doc ID 135433.1)Summary: Does anyone know if doc 135433.1 applies to both EBS and Cloud? Or Both? General Ledger FAQ for Open/Close Period (Doc ID 135433.1) In this Document PurposeQues…User_2025-07-18-09-47-41-042 61 views 1 comment 0 points Most recent by Eamon Kearney-Oracle General Ledger & Intercompany
-
New Implementation: In GL, Open New Financial Year before posting prior year balancesSummary: Go Live Date for a new legal entity: MCB Leasing Ltd is expected for 01 July 2023. Accounting Calendar for MCB Leasing is from July YYYY-1 to June YYYY+1, with …VDoolhur 63 views 3 comments 0 points Most recent by User_2025-07-18-09-47-41-042 General Ledger & Intercompany
-
Period status as Future enterableSummary: Hi We have by mistake open some future periods. Currently we have Jun is open , Jul,Aug ,Sep is closed ,Oct is future enter able. In the ledger configurations n…
-
How to set up cutoff date for posting to GLSummary: Hi! We need to set up a cutoff date so that users cannot post to GL after a certain date of the month, nearing period close. Could someone please provide us wit…ShailenS 101 views 4 comments 0 points Most recent by Antima Rai-Oracle General Ledger & Intercompany