How Oracle EBS is monthly and reconciled [Z]

A certain sequence of operations is required when the Oracle system processes the monthly-knot business.
These operations involve the corresponding modules, including: Coping module, purchasing module, Inventory module, receivable module, payroll module, Fixed assets and General Ledger module, etc.

In Oracle systems, the General ledger module is at the heart of financial accounting, and it receives financial information from other modules.
General Ledger received financial information and sub-module business must be consistent, in order to ensure that the entire system of accounting is correct, so the reconciliation.

The following describes the closing order between modules and the steps to complete the closing of the module

One, Oracle EBS monthly junction Payables (AP) Reconciliation order

Steps 1, check whether the business is all entered; 2, check whether there is not verified, pending invoices, review pending and release temporary hang; 3. Update the payment status due for the future; 4, check whether the business of raw ingredients recorded; 5, create accounting entries and transfer to the general Ledger and post; 6, the confirmation of the full transfer of the ledger transactions to the general ledger; 7, create a batch increase; 8, confirm and check the supplier balance; 9. Closing of accounts payable period; 10. Open a new accounting period;

Second, Oracle EBS monthly Purchase (PO) reconciliation order

1, review and confirm the purchase order; 2, check the receiving transaction status exception; 3. To view and process received transactions that have not been received but not in storage; 4, the General Ledger import journal and review after posting; 5, complete the response step 1-6; 6. Run the "Accrual Adjustment report" and "receive receivable-final treatment"; 7, complete the response step 7-9; 8, the running year-end retention payment processing process; 10, close the procurement period; 11, open the next procurement period;

Third, Oracle EBS Monthly statement inventory/WIP reconciliation feature Stickers

1, all transactions are accounted for; 2, verify that OM pick-up library is not shipped; 3, check the inventory interface; 4. Review all transaction processing during inventory; 5, check whether the transaction of the cost is not accounted for; 6, the transaction distribution to the General ledger; 7, check the final inventory value and general ledger related account value; 8, verify the value of the products; 9, closing the payables and purchasing accounting period; 10, close the inventory accounting period;

Iv. Oracle EBS Monthly knot receivable (AR) reconciliation

1, to confirm that the receivable business processing completed; 2, running the workflow background process (can be scheduled to run the background); 3, the operation of automatic invoicing (can be scheduled to run the background); 4, verify that there is no record in the interface; 5, to confirm the completion of the business should be received; 6. Confirm that all the receivable transactions are transmitted to the general Ledger; 7. The receivable business is transferred to the general ledger and posted; 8, confirm and check the customer balance; 9, closing the accounting period; 10. Open a new accounting period; 11, restore exchange gains and losses and handling fees;

V. Oracle EBS monthly payroll and fixed asset reconciliation

1, check all the payroll business has been completed; 2, the correct cost calculation; 3. Transfer of payroll entries to General Ledger; 4, in the general ledger to import salary entries; 5. Review the unposted entries in the general ledger and post them; 6, complete the transaction of all fixed assets to be settled during the checkout period; 7, the operation of the accounting account of the depreciation procedures; 8. Raw ingredient record-post to General Ledger;

Vi. Oracle EBS Monthly reconciliation of General Ledger

1, exchange rate maintenance; 2, ensure that the records in the General Ledger interface table have been imported as vouchers; 3, ensure that all vouchers have been posted; 4. Run trial balance and confirm balance. 5, select foreign currency revaluation; 6, running the regular vouchers, carry forward the profit and loss account balance; 7, select the merger of the book set; 8, close the general ledger accounting period; 9. Open the next General ledger accounting period; 10. Run the final FSG report for closing the General ledger; 11, voucher printing and archiving;

Reprinted from: http://bbs.itjaj.com/thread-2106-1-1.html