What are the steps to close the period in AP, FA, AR and GL ? What reports d

What are the steps to close the period in AP, FA, AR and
GL ?
What reports do we need to run?
What is order to cash cycle ? Explain?
What is P2P Cycle?

Question Posted / devashish

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What are the steps to close the period in AP, FA, AR and GL ? What reports do we need to run? W..

Answer / sr

In AP All Invoices should be validated and accounting
entries needs to created . All payments to be processed.
you need to run "Payable transfer to GL" request. Interface
tables shoulbe empty there is no records to be struck. You
need to validate the accounting entries with Subledgers and
GL.You need to run recurring jounnals, your need to
consolidation journals, run translation, run revaluation
process and ensure that posted all the entries.

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