AR close

[priyaakumar]

Hi FIN gurus,

How do we perform AR close? What are the requisite transactions we create in AR, before we close AR and after that what do we do. Pls explain me the pre and post AR process?


Awaiting your early reply..

Thanks in advance,
Priya

[oteixeira]

Hello Priya.
There are no pre-requisite transactions to be created in AR before closing it. You have to post all items from AR to GL. The system will not allow you to close the AR period if you have unposted items with GL DATE falling into that period.
After posting also in GL it is a good idea to check if AR matches with GL. Depending on the version of APPS you are using there are reports to be compared.

Octavio

[priyaakumar]

Hi Octavio,

Thanks.

So for the comparison between AR and GL and to ensure period close in AR, what are the reports I will use to compare between AR and GL?

Expecting your quick reply.

Thanks

[oteixeira]

Hello again Priya.

What is the version of EBS you are using?

Octavio

[priyaakumar]

Octavio,

We are using 12.0.6.

Let me know.

Thanks,
Priya

[oteixeira]

Hello Priya.

Check Metalink Doc. ID 961285.1

Hope this helps.
Octavio