Period Close Checklist In Oracle Account Receivables

Complete manual payments and adjustments for the period (including cleanup of ‘Out of Balance’
batches)
Check and Complete final Receivables Interface from Order Management
Complete manual invoices, DEBIT Memos and credit memos
Run your final Auto Invoice process
Correct ALL Auto Invoice rejects and re-run
Clear all receipts from Cash Management
Apply receipts against Invoices and Debit Memos
Review the Unapplied Receipts Register
Reconcile receipts
Apply Credit memo to Debit Memo and Invoices
Approve or reject ALL Pending Adjustments
Complete or delete ALL ‘Incomplete’ invoices
Complete or delete ALL ‘Incomplete’ credit memos
Correct and post ALL open Lockbox batches (If Lock Box Implemented)
Print Dunning (Reminder) Letters (Optional)
Run Journal Entries Reports
Review Journal Entries reports for ‘unusual’ accounts and correct as needed
Run Period End Reports
Balance to the Aged Trial Balance
Post to the General Ledger using the period start date through the period end date - verify that
ALL steps completed successfully.
Close the period - verify that there are no items in error
Open the next period and the next Future period
Post Journal Entries (In General Ledger)
Balance to the General Ledger (for the key accounts)