By Oracle_EBS on May 03, 2012
What is Period Close?Closing is the process of accounting for all transactions at the end of each period so all supporting information is transferred to the General Ledger. Subledgers cannot be closed if the required transactions in that period are not processed. Subledgers are E-Business Applications that post (transfer accounting records) to the General Ledger: for example, Payables, Receivables, Inventory, etc.
This Period Close Advisor provides guidance on recommended period end procedures for E-Business Release 12.x. It is intended to be generic and does not relate to a specific organization or industry. Step by step best practices with tips and troubleshooting references are provided to assist you through each phase.
The subledger application tabs are listed in the recommended order of closing based on the data flow dependency as shown in the diagram. For example, Order Management feeds data into Oracle Receivables so it needs to be closed prior to Oracle Receivables. If you do not use a product listed, skip that tab and go on to the next. For example, if you do not use Oracle Inventory, skip that tab and move on to the procedures for the next one listed, Oracle Projects.
Review the Period Close Advisor at DocID: 335.1