Period Closing Activites/Steps in R12.1.3

Hi,

Plesae let me know the Period Closing Steps/Procedures/activites to be performed for Closing the Period in Payables Version R12.1.3, any User document will be helpful.

Rgds

Pankaj

Hi, Pankaj

Period closing process for ORACLE PAYABLES as follows

1. Complete All Transactions for the Period Being Closed

2. Run the Payables Approval Process for All

3. Review and Resolve Amounts to Post to the General Ledger

4. Reconcile Payments to Bank Statement Activity for the Period

5. Transfer All Approved Invoices and Payments to the General Ledger

6. Review the Payables to General Ledger Posting process After Completion.

7. Submit the Unaccounted Transactions Sweep

8. Close the Current Oracle Payables Period