Month End Activity For Oracle R12

Period Closing Activity for All Module

Module	Month End Activity
AP	Complete All invoices ,Cr memos,Dr Memos,Prepayment invoices for the period
	Run the payable Approval process for All invoices
	Review the invoice on hold report ----Hold and release invoice untick on accounted
	Review the Unaccounted Transaction report
	Optionally run a payment process request at the month end
	Transfer all approved invoices and payments to the GL
	Review the payable to GL posting process after completion
	The sub ledger accounting program report generated by the create accounting program
	The posted invoices register
	The posted payment register
	Submit the Unaccounted Transactions sweep Program
	Reconcile payments to Bank statement activity for the period as described in cash management.
	Run mass addition transfer to Oracle Asset
AR	Complete all transactions for the period being closed
	Review the unapplied receipt register
	Reconcile receipts to bank statement Activity for the period
	Post to the GL
	Review the sub-ledger period close exception report  and unposted transaction report
Asset	Complete prepare and post mass addition
	Complete Manual Addition,Adjustments,Retirements
	Run Depreciation
	Create Accounting
GL	Complete Oracle Sub ledger interfaces to Oracle GL
	Complete recurring journals and journal reversals
	Complete mass allocation journals
	Verify any unposted journals and post all journal batches
	Run sub ledger period close exception report
	Reconcile all inter company accounts and centra process
	Run the consolidation process Run 'Post all journals" Run "Closs Process-Create income statement closing journals" Run "Closs process-Create Balancesheet closing journals" Then Close the period.
Purchase	Complete PR,PO & Releases,Receipts and returns
	Identify and review Uninvoiced Receipts
	Run the receipt accruals
	Perform year end encumbrance processing