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3 Replies Latest reply: Apr 11, 2013 7:16 AM by nani.krishna RSS

Project Accounting Month end Closing Process

986189 Newbie
Currently Being Moderated
Dear Experts,

Any one can help me by explaining Project Accounting Month End Closing Process

Thanks & Regards
Bharath
  • 1. Re: Project Accounting Month end Closing Process
    Dina Rotem Guru
    Currently Being Moderated
    Hi

    You may want to review the following document -
    EBS R11i Period Close Processes Overview [ID 1481610.1]

    https://support.oracle.com/epmos/faces/ui/km/SearchDocDisplay.jspx?_afrLoop=1232338904770638&type=DOCUMENT&id=1481610.1;displayIndex=19&_afrWindowMode=0&_adf.ctrl-state=1b2jhxy4qw_112

    There is a specific chapter that deals with closing process in Oracle Projects.

    For R12 you may review the following -
    Period Close Advisor: E-Business Suite (EBS) [ID 335.1]
    https://support.oracle.com/epmos/faces/ui/km/DocumentDisplay.jspx?_afrLoop=1233262710345909&id=335.1&_afrWindowMode=0&_adf.ctrl-state=1b2jhxy4qw_146#intro

    Dina
  • 2. Re: Project Accounting Month end Closing Process
    nani.krishna Explorer
    Currently Being Moderated
    Bharath


    1. Clear all the transactions from Interface tables
    2. Import them
    3. Run all the Expenditures (PRC, Interface processes) make sure none of the expenditures are not accounted
    4. Run Borrow and Lent process if any, Transfer to GL
    5. Run Revenue Process, make sure revenue is generated, accounted
    6. Review the revenue draft versions created, make sure all revenue draft versions are released
    7. INterface revenue to GL, then later Tie back process
    8. Run the Invoicing process
    9. Make sure to Approve, release all the Invoices in draft version
    10. Interface to AR ( ensure that none of the records are in error)
    11. Auto Invoice Import in AR
    12. Tieback process in PA
    13. run Exc: Transaction Exception details by GL Period/ PA period , Exc: Transaction Exception summary by GL Period/ PA Period
    14. Make sure the report output on step 13 are blank, if yes try to clear all the transactions and re run the reports
    15. Now try closing the period


    Thanks
    Krishna
  • 3. Re: Project Accounting Month end Closing Process
    nani.krishna Explorer
    Currently Being Moderated
    Bharath

    Hope I have answered your query, if not let me know or else can you mark the question as answered

    Thanks
    Krishna

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