Explain how to close periods in ar. : oracle accounts receivable
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Answer Posted / Vikas Kumar Agarwal
In Oracle Accounts Receivable, you can close periods to prevent further transactions from being posted. To do so:
1. Navigate to Setup and Maintenance > Accounting > Fiscal Responsibility.
2. Define the closing period for AR Ledger Accounts based on your organization's requirements.
3. Close the period by posting a journal entry that sets a closure date for the relevant accounts.
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