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FRIDAY,JANUARY13,2017 ORACLEAPPLICATIONS
OracleMonthEndCloseProcessinOM,AR,AP,PO,ASSETS,WIP,INVENTORYandGL
MonthEnd Close
Oracle applications provide an integrated information warehouse and at the same time each application has its own processes and
reports. In addition, each Oracle application has its own accounting calendar, so each Oracle applications can be in different accounting
periods. There is a correct order to close each application into the General Ledger and the order can be broken down into two sequences
that can be run concurrently, or either one following the other. The closing of the General Ledger is always the last step in the monthend
close cycle. The reason for this order is based on the integration between Oracle applications. The suggested order of closing the
applications is as follows: 2 9 6 0 6 2 4
SEQ Application SEQ Application LABELS
1a Order Entry 2a Accounts Payable 11i(34)
1b Receivables 2b Purchasing ABSENCE(5)
2c Fixed Assets ADI(24)
2d Inventory/WIP AIM(6)
3 General Ledger Transfers from all subsystems can be performed in summary or detailed transactions. It is suggested that journal entries ALERTS(10)
come over to the General Ledger in summary and that detailed information stay in the subsystems. Reports containing detailed AME(18)
transactions are located in the subsystems and should be run when additional analysis is needed for the General Ledger. AOL(152)
AP(198)
Closing a Period
API(40)
The final step is to close the accounting period in each of the above modules and open the new accounting period. Reports can still be run
OracleAp
APPLICATIONS(20)
for periods that are closed and permanently closed, however no entries can be entered or posted for these periods. The main difference 5.4Klikes
AR(157)
between closing a period and permanently closing a period is that a permanently closed period can NEVER be reopened.
ASSETS(15)
BANKS(17)
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Order Entry BOM(7)
BPEL(6)
Two interface programs must be run in the Order Entry module to support the month end close procedure. Youand6otherfriendslike
BURSTING(1)
The Inventory Interface program generates inventory transactions through the Material Transaction this
C/C++(5)
Manager for costing, relieving demand and reservations, and updating inventory balances as you ship orders. The Receivables Interface
CASH(20)
program transfers shipped item information to Oracle Receivables, which processes invoices and accounts for revenue.
CHECKS(10)
Order Entry has preclose processes that should be performed on a daily and monthly basis. CMD(5)
3. Run AutoInvoice process This step is performed in the Accounts Receivable section. DISCOVERER(25)
DOCUMENTS(54)
Monthly 1. Process all monthend shipments before cutting off inventory transactions EAM(1)
2. Run Inventory Interface program EDI(2)
If profile option OE: Immediate Inventory eText(10)
Update is set to Yes, this program does not need to be run. EXCEL(1)
balance nor do they display on the aging report. Use the transactions window to complete any transactions that should be recorded in the BlogArchive
that could not be transfer to the General Ledger and the reason why. Last, Oracle will run the journal import process to validate account
combinations.
Transaction Register
Use the Transaction Register to check posting status of all items reflected on your Sales Journal. The
Transaction Register is also used to balance revenue accounts to Accounts Receivable aging.
Navigation: (AR) Reports > Accounting.
Report Transaction Register
Parameters Beginning GL Date 1st day of the
Month
Ending GL Date Last day of the Month Order By Type
Note: The Transaction Register Report is not time sensitive and can be run at any time.
Note: It is mandatory to run the Transaction Register in order to reconcile Accounts Receivable to the
General Ledger. Please see the Reconcile Accounts Receivable to the General Ledger section of this document.
Adjustment Register
Use the Adjustment Register to see your approved adjustments.
Navigation: (AR) Reports > Accounting.
Report Adjustment Register
Parameters Order By Invoice GL Date Low 1st day of the
Month GL Date High Last day of the Month
Note: The Adjustment Register is not time sensitive and can be run at any time.
Note: It is mandatory to run the Adjustment Register in order to reconcile Accounts Receivable to the
General Ledger.
Note: The Applied Receipts Register is not time sensitive and can be run at any time.
Note: It is mandatory to run the Applied Receipts Register in order to reconcile Accounts Receivable to the General Ledger. Please see the
Reconcile Accounts Receivable to the General Ledger section of this document.
Applied Receipt
Unapplied Receipts
Ending Balance
Accounts Payable
Accounts Payable should be closed before the purchasing, fixed assets and inventory modules. General
Ledger journal entries include postings to the following accounts: prepayments, expense distribution, taxes paid, payable liabilities,
discounts and cash accounts. The Accounts Payable period cannot be closed if there are any unposted items for the period. Make sure the
Accounts Payable period is closed before closing the Purchasing period.
PreClose Processes
Accounts Payable has preclose processes that should be performed daily, weekly, and monthly.
Suggested Schedule for Daily, Weekly, and Monthly Processes
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Suggested Schedule for Daily, Weekly, and Monthly Processes
Note: If there are any exceptions from running invoice import, fix the expense reports and resubmit
Payables Invoice Import program.
Enter Invoices
Enter any invoices, PO and NonPO that should be processed for the current month.
Navigation: (AP) Invoices > Entry > Invoices.
After entering invoices run the Payables Approval program. Invoices need to be system approved before
invoice distributions can be transferred to the General Ledger.
Navigation: (AP) Other > Requests > Run.
Report Payables Approval
Parameters Option All
Note: Only Invoice distributions transferred to the General Ledger will be transferred to Fixed Assets.
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Navigation: (AP) Other> Requests > Run this
Report Mass Additions Create
Parameters GL Date Current Date/
Month End
Date
Book Corp Book
Run Accounts Payable MonthEnd Reports
The Accounts Payable month end reports the Accounts Payable Trial Balance, Posted Invoice Register,
Posted Payment Register, and the Expense Distribution Detail Report.
document.
Note: It is not mandatory to run the Posting Hold Report in order to reconcile Accounts Payable to the
General Ledger. However, you do need this report to reconcile the the invoice aging.
Invoice Register
Use the invoice register to review detailed information about invoices and to review the offsetting liability
accounts that Payables creates for each invoice distribution when you approve an invoice.
Navigation: (AP) Other > Requests > Run.
Report Invoice Register
Parameters Batch Null
Entered By Null
First Entered Date
Last Entered Date
Accounting Period Month Close Period
Cancelled Invoices Only Default No
Unapproved Invoices Only Yes
Invoice Type Null
Note: The Invoice Register is not time sensitive and can be run at any time.
Note: It is mandatory to run the Posting Hold Report in order to reconcile Accounts Payable to the General
Ledger.
Reconcile Accounts Payable to the General Ledger
The equation for verifying the month end Accounts Payable Trial Balance is as follows:
(Previous Month) Accounts Payable Trial Balance
+ (Current Month) Posted Invoice Register
(Current Month) Posted Payment Register
(Current Month) Accounts Payable Trial Balance
The current months Accounts Payable Trial Balance total should equal the General Ledger account
balance.
The equation for verifying that the Accounts Payable Trial Balance equals Invoice Aging is as follows:
Accounts Payable Ending Trial Balance
+ Posting Hold Report, including undistributed items
+ Invoice Register, for unapproved invoices
Invoice Aging
If AP does not reconcile to GL:
Check that the reports have been run for the correct date/period.
Run GL Post in Accounts Payable.
Post all payables generated batches in the General Ledger
ReRun both Trial Balance reports OracleAp
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Check for Journal Entries in the AP control account, not generated by Accounts Payable.
Check for Payments/Invoice Distributions made against the AP control account.
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Close Current Accounts Payables Accounting Period and Open Next Period
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Close Current Accounts Payables Accounting Period and Open Next Period
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Verify that the Ending Accounts Payable Trial Balance agrees with the General Ledger Trial Balance. this
Once the balances have been verified, close the Payable accounting period. Open the next period. If future
period are used, set the next available to future.
Navigation: (AP) Setup > Accounting > AP Accounting Periods
Note: If you have swept the invoices into the next period, the next period will already be opened.
Purchasing
Oracle Purchasing supports the accrual of expense purchases at the time of receipt, or at periodend. In
general, manufacturing and distribution companies most often accrue inventory receipts at the time of
receiving, while nonmanufacturing organizations and expense items for manufacturing and distribution
companies are generally accrue receipts at period end. The closing process will be different based on the
accrual processes done both types of accrual recognition will be discussed.
Note: In order for Oracle to support the accrual process, purchases orders must be set up for 3way
matching.
Make sure you have already closed the Payables period before moving on to the Purchasing section of this
document. The Oracle Purchasing period should be closed before the Inventory period is closed.
Preclose Processes
There are preclose process steps for Purchasing that should be performed on a daily, weekly, and monthly
basis.
Suggested Schedule for Daily, Weekly, and Monthly Processes
Schedule Processes Comments
Daily 1. Enter and approve purchase
orders
2. Enter, inspect, and deliver
all purchase orders
Weekly 1. Reconcile receiving value to
the GL
Monthly 1. Enter and deliver all receipts
2. Accrue on Receipt If you do not Accrue on Receipt, skip this
process.
3. Accrue on Period End
4. Transfer Purchasing
Transactions to the GL
5. Run Monthly Purchasing
Reconciling Reports
Purchase Price Variance
Invoice Price Variance
Receiving Value
6. Close Purchasing Period
and Open new Purchasing
Period
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Check Receiving Transactions 5.4Klikes
The first step in the Purchasing period close process is to determine if there are any unprocessed receiving
transactions.
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Navigation: (PUR) Receiving > Transaction Status Summary.
The Find Transactions Statuses window will appear, along with the Transaction Statuses window. Click
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on the Transaction Statuses window to bring it to the front. this
There should not be any entries in this form. If entries do exist, please contact the database administrator.
Any errors found on this report should be corrected before closing the Purchasing period.
In order to determine the need to make corrections or perform writeoff transactions, run the Unvoiced
Receipts Report. The corrections and writeoffs should be performed prior to the next step
Navigation: (PUR) Reports > Run. Liked
journal entry. Make a note of any items and quantities that were received at an incorrect value.
Note: The Receiving Value Report is time sensitive and must be run on the last day of month.
Note: It is not mandatory to run the Receiving Value Report in order to reconcile Purchasing/Receiving to
the General Ledger. However, this report provides supporting documentation for month end close.
Review the Receiving Value Report by Destination Account to uncover any distribution account
discrepancies. Any values or destination accounts that are not correct will need to be fixed in the General
Ledger through a manual journal entry. Make a note of any items and accounts that need to be addressed.
Note: The Receiving Value Report by Destination Account is time sensitive and must be run on the last
day of month.
Note: It is mandatory to run the Receiving Value Report by Destination Account in order to reconcile
Purchasing/Receiving to the General Ledger. Please see the Reconcile Purchasing/Receiving to the
General Ledger section of this document.
Purchasing information is automatically transferred to the General Ledger when material is received or the
Purchasing period is closed. In addition, when Inventory/Work in Process information is transferred to the
General Ledger (as discussed in the Inventory section of this document), pertinent purchasing information Liked
is transferred as well.
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Import and Post Purchasing Transactions
See the General Ledger section of this document to create the journal entry for Purchasing.
Note: Receiving transactions are automatically loaded into the GL Interface table.
Also Note: Remember to reverse all of the prior months accrual of expense entries.
Assets
Fixed Assets should be closed after the close of both the Accounts Payable and the Purchasing periods. By
following this period close order, new assets and constructioninprocess assets can be transferred before
month end. General Ledger journal entries include additions, CIP additions, adjustments, CIP adjustments,
retirements, CIP retirements, reclassses, CIP reclasses, transfers, CIP transfers, revaluation, and
depreciation.
PreClose Processes
Fixed Assets has preclose processes that should be performed weekly, and critical steps that are for month
end close.
Suggested Schedule for Weekly and Monthly Processes
Retire Assets
Retire Assets that have been sold, destroyed, donated, stolen or become obsolete. If Assets should have
been retired in a previous month, change the date to reflect actual retirement date. Asset can be reinstated
if they have been retired incorrectly, as long as, it happens in the same fiscal year. Assets cannot be retired
in the month they are added, however, they can be deleted.
Navigation: (FA) Assets> Asset Workbench, then query Asset to be retired and click on Retirement.
Assets can be mass retired by location, employee, category, asset key, expense account, cost range, asset
number range, and date in service range.
Navigation: (FA) Mass Transactions > Retirements
Adjust Assets
Make Adjustment to Assets for assignment changes, cost changes, or method changes. Oracle will create
an entry to transfer cost and accumulated depreciation for any assignment change, but an entry will not be OracleAp
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created to transfer depreciation expense already recorded for the current year.
Navigation: (FA) Assets> Asset Workbench, then query Asset to be adjusted and click on Books for cost
or method change and Assignments for asset transfers.
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Mass transfers and changes can also be preformed. Mass transfer by expense account, location or
employee. Perform a mass change of prorate convention, depreciation method, or depreciation life.
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Navigation: (FA) Mass Transactions > Transfer this
Navigation: (FA) Mass Transactions > Changes
Run Depreciation
Oracle automatically calculates gains and losses for retirements and updates all records for depreciation.
Note: Once deprecation is run, Oracle closes the period, and opens the next. Once depreciation is run, the
period cannot be reopened.
Navigation: (FA) Depreciation > Run Depreciation.
Book Choose
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Book Choose
Corporate/Tax Book
Period Current Period
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report can also aid in the processes of reconciling to the General Ledger.
Navigation: (FA) Other> Request> Run.
Report Asset Transfer Liked
Reconciliation Report
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Parameters Book Choose this
Corporate Book
From Period Period start
To Period Period end
Note: The Asset Transfer Reconciliation Report is not time sensitive and can be run at any time.
Note: It is not mandatory to run the Asset Transfer Reconciliation Report in order to reconcile Fixed
Assets to the General Ledger. However, this report provides supporting documentation for month end
close.
General Ledger. However, this report provides supporting documentation for month end close.
Retirements
+ Capitalizations
+ () Reclassifications Liked
+ () Transfers
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Current Months Ending Balance this
Preclose Processes
There are preclose process steps that involve the Transactions Managers, and they should be performed, at
a minimum, on a monthly basis.
Suggested Schedule for Monthly Processes
information, etc. In addition, by looking at the Costed column of Reason, Reference alternative region,
it is easy to determine if an item is uncosted. If there is a problem in the Pending Material Transactions
screen, the issue should be solved, as required, on the necessary form (i.e. the form on which the
transaction occurred). When you are ready to resubmit a transaction line, click on the Submit box and
Save. This process will clear the Inventory Material Transaction Manager of failed transactions.
entry.
Some of the other alterative regions provide additional information such as job, assembly, resource,
operation, transaction type, etc.:
If there is a problem in the Pending Resource Transactions screen, the issue should be solved, as required,
on the necessary form (i.e. the form on which the transaction occurred). When you are ready to resubmit a
transaction line, click on the Resubmit box and Save. This process will clear the Open Resource
Transaction Interface of failed transactions.
Work in Process
Oracle Work in Process provides a standard cost system to track and report production costs through the
various stages of production as transactions occur. WIP calculates all costs as well as reports moves,
issues, resource and overhead allocations, completion, scrap, period close, and job close transactions.
The Work in Process period close process works in conjunction with the Inventory period close process.
When an accounting period in Oracle Inventory is closed, all Work in Process costs will transfer, by
account, to the General Ledger. In addition, the period close process recognizes variances for nonstandard
expense jobs and repetitive schedules.
Preclose Processes
There are preclose process steps for Work in Process that should be performed on a weekly and monthly OracleAp
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basis
Suggested Schedule for Weekly and Monthly Processes
Click on the desired report, if any, and click on OK. A concurrent request will be submitted.
errors or strange entries. Make a note of any problems, which will need to be fixed in the General Ledger.
Note: The Discrete Job Data Report is not time sensitive and can be run at any time. Youand6otherfriendslike
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Note: It is not mandatory to run the Discrete Job Data Report in order to reconcile WIP to the General
Ledger. However, this report provides supporting documentation for month end close.
date
Lines From Select
beginning
production
line
(Lines) To Select
ending
production
line
The Repetitive Value Report, in conjunction with the WIP Value Report, will aid in analysis of the
transactions supporting the charges and variances for each repetitive schedule.
Note: The Repetitive Schedule Report is not time sensitive and can be run at any time.
Note: Its not mandatory to run the Retetitive Schedule Report in order to reconcile WIP to the General
Ledger. However, this report provides supporting documentation for month end close.
Transfer WIP Transactions to the General Ledger
After the WIP jobs are closed, the transfer to the General Ledger should be executed. The transfer of
information from WIP to the GL occurs in the Inventory module.
Navigation: (INV) Accounting Close Cycle > General Ledger Transfers.
Report Transfer Transactions to GL
Parameters Organization Code Name of
organization
Date Last day of
the Period
Current Period (Defaults)
Navigation: (GL) Inquiry > Account. Enter the corresponding Accounting Period and the WIP account
number, and hit the Show Balances button at the bottom of the screen.
When you hit the Show Balances button, the window on the right hand side of the screen shot below will
open.
The balance in the PTD field should equal the Net Activity line given in the WIP Value Report (WIP
Account Summary sheet) for the given account. Notice this balance reconciles to the WIP Material
Account (01.510.1235.0000.0000.0000), at $15,098.69. This WIP material account has been reconciled.
This reconciliation of WIP accounts to the corresponding General Ledger account balance should be
performed for each of the WIP accounts.
Inventory
The next step in the month end close process occurs in the Inventory module. Inventory levels and values
should be reviewed before the current Inventory period is closed, and the next Inventory period opened.
Important Note: Once a period has been closed in Oracle inventory, it cannot be reopened. The periods in
Accounts Payable and Purchasing must be closed prior to closing the Inventory period to ensure that all
transactions have been processed before closing the Inventory period.
Preclose Processes
There are preclose process steps for Inventory that should be performed on a daily, weekly and monthly
basis.
Suggested Schedule for Daily, Weekly and Monthly Processes
Schedule Processes Comments
Daily 1. Run the Inventory Value
Report, with Negative
Quantities Only parameter
set to Yes
In a situation in which WIP is set to backflush
components from Inventory, it is crucial to search
for Inventory items that currently have negative
onhand balance.
Weekly 1. Review interface tables for
stuck transactions
2. Check inventory for
negative balances
3. Interface to the GL
4. Reconcile inventory values
to the GL
5. Check for zero dollar
transactions
6. Run the Inventory Value
Report, with Negative
Quantities Only parameter
set to Yes
In a situation in which WIP is set to backflush
components from Inventory, it is crucial to search
for Inventory items that currently have negative
onhand balance.
Monthly 1. Review interface tables for
stuck transactions.
2. Check inventory for
negative balances
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3. Interface to the GL 5.4Klikes
4. Reconcile inventory values
to the GL
5. Check for zero dollar Liked
transactions
6. Run the Inventory Value Youand6otherfriendslike
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Report, with Negative
Quantities Only parameter
set to Yes
In a situation in which WIP is set to backflush
components from Inventory, it is crucial to search
for Inventory items that currently have negative
onhand balance.
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Pending Transactions
Before closing the Inventory period, it is best to view pending activities
Navigation: (INV) Accounting Close Cycle > Inventory Accounting Periods. Place the cursor on the line you wish to close, and hit the
Pending button.
The Pending Transactions window will appear:
The Pending Transactions window is broken into two sections: Resolution Required and Resolution Recommended. If any transactions
appear in this window, the interface managers, as described in the
Clearing the Transaction Managers section, must be cleared. The following is an explanation of errors that could appear as pending
transactions, and the Navigation to resolve the issues.
The Resolution Required section displays the number or unprocessed material transactions, uncosted material transactions, and pending
WIP costing transactions existing in the period. These discrepancies must be resolved before the period is closed. A short discussion of the
Resolution Required errors follows:
pending shop floor moves transactions existing in the period. Although the
Inventory period could be closed without solving these discrepancies, these transactions cannot be processed once the accounting period
is closed. It is strongly recommended that the Resolution
Recommended section be reconciled before closing the period. A short discussion of the Resolution
Recommended error follows:
gives you a warning, but you are able to close the period with this condition. These transactions are not in your inventory value. And, if
you close the Inventory period before fixing the problems, these transactions will not be processed at all as they will have a transaction
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you close the Inventory period before fixing the problems, these transactions will not be processed at all as they will have a transaction
date for a closed period. To address this issue, please revisit the Clearing the Interface Managers section of this document.
Navigation: (CST) View Transactions > Open Interface Transactions.
The Subinventory Account Value Report shows quantity, valuation, and detailed item information when the same valuation accounts are
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used for more than one subinventory. this
Navigation: (CST) Reports > Value.
Report Subinventory Account Value
Parameters Cost Type Frozen
Subinventory From
Subinventory To
Review the Subinventory Account Value Report to make sure the item quantities and valuation accounts have been charged correctly.
Any changes will need to be fixed in the General Ledger through a manual journal entry.
Note: The Subinventory Value report is time sensitive and must be run on the last day of the month.
Note: It is not mandatory to run the Subinventory Account Value Report in order to reconcile Inventory to the General Ledger. However,
this report provides supporting documentation for month end close.
process before period close allows you to proof the interfaced transactions and make adjustments to the period via new inventory
transactions as necessary.
The General Ledger Transfer process can be run once a week, which would allow information from inventory and WIP to be transferred
to the General Ledger throughout the month, rather than only during the month end close process.
Navigation: (INV) Accounting Close Cycle > General Ledger Transfers.
Report Transfer Transactions to GL
Parameters Organization Code Name of organization
Date Last day of the Period
Current Period (defaults)
Import and Post Inventory Transactions
See the General Ledger section of this document to create the journal entry for Inventory.
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The balance in the PTD field should equal the Account Balance in the Material Account Distribution
Report for the given account. Notice this balance reconciles to the Material Account Distribution Report Account Total value for the
account (01.510.1220.0000.0000.0000), at $7,891.33. This inventory account has been reconciled.
This reconciliation of Inventory accounts to the corresponding General Ledger account balance should be performed for each of the
Inventory accounts.
The perpetual Inventory value should match the value of Inventory reported in the General Ledger. Each subinventory must be balanced
to the General Ledger. Although the perpetual inventory will generally balance automatically with the General Ledger, there are
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occasions when this is not so. If the two balances do not match, look for other Inventory journal entries, charges to improper accounts, 5.4Klikes
issues to miscellaneous accounts, and transactions after then period end reports have been run.
Analysis report, the Margin Analysis Load Run program must be executed. The Margin Analysis Report can be printed with or without
detailed information, such as customer, order, and line number.
Navigation: (CST) Report > Operational Analysis.
Report Margin Analysis Load Run
Parameters Build Option Date Range
Build Name Enter a report name
Build Description Enter a
Report description
From Date Enter a date
To Date Enter a date
Cost Type Frozen
Report Margin Analysis Report
Parameters Build Name Use the
Build
Name from
above
Report Option Detail
Sort Option Category,
Item
Currency USD
Exchange Rate 1
Customer Type Bill to
Customer
Note: Revenue recognition must be completed before this report will show current information. Therefore, it is important to transfer
Accounts Receivable to the General Ledger before the Margin Analysis Report is run.
Note: This report is not time sensitive and can be run at any time.
Note: It is not mandatory to run the Margin Analysis Report. However, this report shows sales revenue, cost of goods sold, and gross
margin information for a given date range.
General Ledger
The General Ledger should be the last module to be closed. General Ledger journal entries include accruals, allocations, adjustments,
manual, and all subsystem imports.
PreClose Processes
The General Ledger has several steps that should be performed weekly and monthly.
Suggested Schedule for Weekly and Monthly Processes OracleAp
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Monthly 1. Enter any manual journal entries required for the month
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2. Reverse any accrualtype journal entries this
This can be done at the time the journal entry is recorded. Check to make sure all journals that should have been reversed, actually were.
3. Run journal import This should be done for Purchasing, Inventory and Manufacturing sources.
4. Generate Recurring entries
Review and make changes
Enter in current month amounts for skeleton standard journal entries.
5. Generate Mass Allocations
6. Post entries for the month
7. Reconcile any interfaces that come over from feeder systems Follow the reconciliation procedures provided in the various sections
above
8. Run monthly analysis and financial reports
9. Close accounting period
Reverse Entries
Reverse any accrualtype journal entries from the previous period. This reversal can be done at the time the journal entry is recorded.
Check to make sure all journals marked for reversal have been reversed.
Navigation: (GL) Journals> Enter, then Review journal or batch. Click on More Details and reverse journal.
Note: Remember to reverse PO accrual entries.
Source Purchasing
Manufacturing
Inventory
Generate Recurring Journal Entries
Generate recurring journal entries. Review journal entries in journal form and record amounts for current month.
Navigation: (GL) Journals> Generate> Recurring.
Navigation: (GL) Journals> Enter.
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FSGs 5.4Klikes
Financial Statements can be run as preliminary reports to aid in month end analysis, as well as provide a final scenario of the months
activities. New FSGs can be created at any time.
FSGs can be run two ways, as follows. Liked
Navigation: (GL) Reports > Request > Financial.
Navigation: (GL) Reports > Request > Standard Program: Run Financial Statement Generator Youand6otherfriendslike
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Report FSG Reports: (examples)
Balance Sheet
Income Statement
Statement of Operating
Expenses
Parameters Period
Currency USD
Segment Overrides
Content Set
Note: FSGs are not time sensitive and can be run at any time.
Note: It is not mandatory to run FSGs, however, they provides supporting documentation for month end close.
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