Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What reports should I run before closing the period?



What reports should I run before closing the period?..

Answer / kranthioracle

BEFORE CLOSING A PERIOD IN PAYABLES U NEED TO RUN THE
FALLOWING REPORTS,

INVOIVE VALIDATION REPORT---> IT VALIDATES ALL THE INVOICES

INVOICE ON HOLD--->
IT WILL SHOW ANY HOLDS, SO THAT U CAN REMOVE THE HOLDS AND
DO REVALIDATION.

IF ANY FUTURE PAYMENTS ARE THERE ?
---------------------------------
RUN UPDATE MATURED FUTURE PAYMENT ----->THIS WILL CHANGE
THE STATUS TO Negotiable .

SUBMITT PAYABLES ACCOUNTING PROCESS-----> THIS REPORT LISTS
TRANSACTION WITH ERRORS.

CHECKS FOR PAYMENT BATCHES ---> RUN FINAL PAYMENT
REGISTER ,IT LISTS AL THE PAYMENTS.

DO THE RECONCILIATION PROCESS ---> WITH CASH MANAGEMENT

TRANSFER TO GL --> TRANSFER TO GL

CLOSE THE PERIOD AND OPEN FOR NEXT PERIOD



Is This Answer Correct ?    5 Yes 1 No

Post New Answer

More Oracle Apps Financial Interview Questions

What is the order in setting up GL ? Which comes first - COA, Calendar & Currency ?

8 Answers   Oracle,


how do you know chart of accounts is in Active

4 Answers  


Client's requirement is that first invoice would be a proforma invoice. Second invoice would be Tax invoice. Presently, we are unable to use this approach of payment?

1 Answers  


What is the Process of Reconciliation Between AP to GL

0 Answers   Wipro,


what is general ledger in oracle laguege and what are the step for define the journal entry?

3 Answers   Tecumseh,






What is meant by pay on receipt auto invoice?

4 Answers  


r there any setups to enable budget tab while entering journals

2 Answers   Pfizer,


What is the Reconciliation Open Interface used for in Cash Management?

1 Answers   Ernst Young,


What is meant by matching and what are the types of matchings available?

3 Answers  


what is CCID in oracle apps ? how it works explain detail ?

1 Answers  


On account credit memo in AR needs to refunded, How ? and what are the steps required?

2 Answers  


What is consolidation and in which module do you used it and when?

3 Answers   IBM,






Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (791)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)