Interested to Buy Any Domain ? << Click Here >> for more details...
Tell me steps for Period closing Process in AP?
- 1 Answers
- 12272 Views
- I also Faced
- E-Mail Answers
Answer / latha ummalaneni
1. Complete All Transactions for the Period Being
Closed
2.Run the Payables Approval Process(Invoice Validation
Program in 11i) for All Invoices/Invoice Batches.
3.Review and Resolve Amounts to Post to the General Ledger.
4If there is any Hold on the Invoice it will not accounted.
So we need to remove all the holds on the invoices.
5.Review the Payables Accounting Entries Report
6.Review the Unaccounted Transactions Report
7.Confirm all Payment Batches
8.Reconcile Payments to Bank Statement Activity for the
Period
9.Transfer All Approved Invoices and Payments to the
General Ledger.
10.Review the Payables to General Ledger Posting process
After Completion.
11.Payables Accounting Process Report?(to review accouting
entries created by payable accounting process)
12.Submit the Unaccounted Transactions Sweep Program.
13.Close the accounting period by using the Control
Payables Periods window to set the Period Status to Closed.
| Is This Answer Correct ? | 14 Yes | 2 No |
difference between manual payment and quick payment?
If balancing account is not assigned to company & is assigned to department wat will be the effects
Please let me know the various accounting entries in AP & AR for a layman. Like invoice posting, payment, offset entries, exchange fluctuation entries, i am preparing for an interview. PLEASE HELP
Provide an overview of AR cash receipt processing.
What could be the probable reason for Not Showing the Taxes in Project Draft Invoices?
how to load ap invoice from legacy to our system and should show the paid invoice as paid and un paid as unpaid
Can somebody provide me the various or atleast most frequent issues a support consultant deal with?
What is journal entry flow ?
what kind of necessary AP information u gather from the client.
Why should i attach the Natural Account flex field qualifier to the segment?
What is primary set of book?
What is meant by pay on receipt auto invoice?
Oracle Apps Technical 
