ERPstuff - Oracle EBS Community

Hi ,

while closign the peiods, we will follow up the below sequence. what is the reaon behindit..

Payables
Purchasing
inventory/wip
Order Managment
Receivables
Assets
Recievables.
projects
CM
GL..

Thanks in advance,
Venkatesh

Can some body hlep on the below issue..



Thanks in advance,
Venkatesh

hello

Here are the sequence in which month end process performed.

Payables(AP) --- CM must be reconciled before running AP MONTH END

Purchasing (PO) --- AP must be closed before running PO MONTH END.

inventory/wip (INV)--- CM,AP, AR, PO, FA must be closed before running INV MONTH END.

Order Managment

Receivables(AR) -- CM must be reconciled before running AR MONTH END.

Assets(FA) -- AP and AR must be closed before running FA MONTH END.

projects

Cash Management (CM) -- standard bank reconciliation task.

General Ledger (GL) -- CM AP AR PO FA and inv must be closed before running.

regards
APS

thanks APS,

but little bit confuse about the

INV/WIP clsoing - it will be cloased after ap.. or it will close after ap, ar, fa?

To my knowledge the sequesnse is :
Inv-->PO-->AP-->FA-->GL

Can any one clarify with reasoning.