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Difference between 11i Period & R12 Period Close
Posted: Sun Apr 12, 2009 2:32 pm
by oracleapps1983
Hi
May i know is there any Difference between R12 Period Closing Process and 11i Period Close Process.
Regards
Oracleapps1983
Posted: Mon Apr 13, 2009 3:11 am
by roopeshpdit
Hi
I don't thing there is much difference in the Period close of 11i and R12:
I fact they are the same, but for some of terminology like
Set of books : Ledger Etc
GL Close is the same as 11i
P2P Close is the same as 11i
OTC Close is the same as 11i
Thanks
Posted: Mon Apr 13, 2009 3:41 am
by karthikeyanp1981
The process remains the same, no change
Invoice Approval
Invoice Validation
Completing all payment batches
Accounting of transactions
Transferring them to General Ledger
Closing the books
If exceptions exists, sweep and close the period.
Posted: Tue Apr 14, 2009 10:21 am
by oracleapps1983
Thanks Karthik and roopeshpdit for your valuable suggestion.
Posted: Thu Apr 16, 2009 1:36 pm
by mstapps
hi any one expaine me what are main defference in GL
in 11i and R12
thanks and regards
mstapps