Answer Posted / latha ummalaneni
1. Complete All Transactions for the Period Being
Closed
2.Run the Payables Approval Process(Invoice Validation
Program in 11i) for All Invoices/Invoice Batches.
3.Review and Resolve Amounts to Post to the General Ledger.
4If there is any Hold on the Invoice it will not accounted.
So we need to remove all the holds on the invoices.
5.Review the Payables Accounting Entries Report
6.Review the Unaccounted Transactions Report
7.Confirm all Payment Batches
8.Reconcile Payments to Bank Statement Activity for the
Period
9.Transfer All Approved Invoices and Payments to the
General Ledger.
10.Review the Payables to General Ledger Posting process
After Completion.
11.Payables Accounting Process Report?(to review accouting
entries created by payable accounting process)
12.Submit the Unaccounted Transactions Sweep Program.
13.Close the accounting period by using the Control
Payables Periods window to set the Period Status to Closed.
| Is This Answer Correct ? | 14 Yes | 2 No |
Post New Answer View All Answers
What are the types of setups in apps inventory module
What is Reporting of financial data in a project.
What is meant RD020
Provide an overview of AR cash receipt processing.
What is the use of hr: user type, while configure multiorg?
what is the difference between before pages trigger and after parameter trigger in reports ?
What is gap analysis, how do you defined. What are the pre-requisities?
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
How to do the analysis of discounts lost and fixing the root cause?
Difference between header level tax calculation and line level tax calculation
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
what is the difference between bonus reserve and bonus expense
What do you mean by Category Set ? and what is its Relevance ?
What is difference between primary and secondary ledger
