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August 25, 2016

8/25/2016 01:28:00 AM

Order Management 
OM does not impact GL directly

  •  Ensure the following :
  •  No unprocessed shipping transactions
  •  Interface Trip Stop is complete
  •  No holds on order lines & are closed
  •  All closed sales order lines are interfaced to AR
  •  Use Period close report to review / show unprocessed transactions 


Receivables

  •  Subledger Period Close Exception Report
  •  Incomplete
  •  Unprocessed
  •  Invalid / Orphan
  •  Final
  •  Orphan Events - Run Script ”del_orphans_xla_120.sql”
  •  Reports
  •  AR Reconciliation Report
  •  Potential Reconciling Items Report
  •  Run Aging and compare with Reconciliation Report
  •  Run AR to GL Reconciliation Report


Purchasing

  • Receipt Accrual Period End process
  • Do not close period unless the process is completed
  • Avoid Duplicate Entries
  • Encumbrance
  • Want to reverse budget blocked by
  • Requisition / PO in the same period Ensure you make Proper Receipt / Invoice against PO before closing the period


Inventory

  •  Inventory Period Cannot Be / Should not be Reopened
  •  Review Pending transactions in Inventory Accounting Periods form
  •  Resolution required
  •  Resolution recommended
  •  Run Period Close Pending Transactions Report Resolution required
  •  Resolution recommended
  •  Both Categories / All
  •  Ensure Cost Manager is Up & Running
 
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