Introduction Period End Processing - Summary 1. A summary of the period-end procedures for each of the Financials applications 2. An indication of the order in which the steps should be undertaken. Steps Payables 1. Complete All Transactions for the Period Being Closed 2. Run the Payables AutoApproval Process for All Invoices / Invoice Batches 3. Review & Resolve Amounts to Post to the General Ledger 4. Reconcile Payments to Bank Statement Activity for the Period 5. Transfer All Approved Invoices Payments, Reconciled Payments to the General Ledger 6. Review the Payables to General Ledger Posting Process After Completion 7. Submit the Unaccounted Transactions Sweep Program 8. Close the Current Oracle Payables Period 9. Accrue Uninvoiced Receipts 10. Reconcile Oracle Payables Activity for the Period 11. Run Mass Additions Transfer to Oracle Assets 12. Open the Next Payables Period 13. Run Reports for Tax Reporting Purposes (Optional) 14. Run the Key Indicators Report (Optional) 15.
These are some notes from my learnings in EBS for past 13 years.