Are you prepared for your 2022 E-Business Suite (EBS) General Ledger Year End Closing?

Prepare for your 2022 General Ledger Year End Closing by taking a look at Doc ID 66532.1, it has details that will assist you in the Oracle General Ledger application year end closing process using the Open/Close Period program. A few things to know:

• It is very important to check that you do not have any misclassified accounts (combinations with incorrect account type) before opening the new year. To help you detect misclassified accounts get the diagnostic test Oracle General Ledger (GL): Misclassified Accounts Activity script for your release from Doc ID 1416402.1: Oracle General Ledger (GL) Diagnostics Catalog.
• Opening periods prematurely can result in posting performance degradation. This can occur because the posting program also updates all affected account balances to all future periods that were ever opened.