Order Management
OM does not impact GL directly
- Ensure the following :
- No unprocessed shipping transactions
- Interface Trip Stop is complete
- No holds on order lines & are closed
- All closed sales order lines are interfaced to AR
- Use Period close report to review / show unprocessed transactions
Receivables
- Subledger Period Close Exception Report
- Incomplete
- Unprocessed
- Invalid / Orphan
- Final
- Orphan Events - Run Script ”del_orphans_xla_120.sql”
- Reports
- AR Reconciliation Report
- Potential Reconciling Items Report
- Run Aging and compare with Reconciliation Report
- Run AR to GL Reconciliation Report
Purchasing
- Receipt Accrual Period End process
- Do not close period unless the process is completed
- Avoid Duplicate Entries
- Encumbrance
- Want to reverse budget blocked by
- Requisition / PO in the same period Ensure you make Proper Receipt / Invoice against PO before closing the period
Inventory
- Inventory Period Cannot Be / Should not be Reopened
- Review Pending transactions in Inventory Accounting Periods form
- Resolution required
- Resolution recommended
- Run Period Close Pending Transactions Report Resolution required
- Resolution recommended
- Both Categories / All
- Ensure Cost Manager is Up & Running
