Period Closing sequence

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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syedtaju_21
Posts: 58
Joined: Thu Aug 28, 2008 4:21 pm
Location: India

Period Closing sequence

Post by syedtaju_21 »

Hi,
What is the Period Closing Sequence for Inventory, Purchasing, Payable and we are using Cost Management also.
Advance Thanks
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anjan123
Posts: 151
Joined: Tue Jun 26, 2007 1:06 am
Location: India

Post by anjan123 »

Hi,

Sequence as follow.

1. Payables
2. Purchasing
3. Cost management
4. Inventory.

be sure you dont have any pending transaction to account/ transfer to GL.

Regards
Anjan
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syedtaju_21
Posts: 58
Joined: Thu Aug 28, 2008 4:21 pm
Location: India

Post by syedtaju_21 »

Thanq for giving update.
Cost Management will also use the Inventory Period then if close the Inventory period then?
Advance Thanks
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