Oralce Month End Closing - Oracle Inventory

Oracle Inventory

Month End Closing Process- Oracle Inventory

Following is the month end closing process of Oracle Inventory

A - Create Accounting and Transfer to GL:

Run the create accounting for Cost management and check the output file for the following.

•       Create Accounting
•       Journal Import

You can found all the entries in the create accounting file and the problematic entries will lies at the end of this document.

B – Run Subledger Period Close exception report:

Run Subledger period close exception report to check the exception in this report.
Check the exceptions and resolve the issue.

C- Reconciliation:

Inventory Reconciliations
For the month of Feb-15
Opening balance as on 1 Feb 2015.	Inventory material Value report	XXX
ADD:
Receipts  ( PO Receipt )	Goods Receiving Detail Report	XXX
Misc Receipts	Inventory Transaction Register	XXX
Total Receipts
LESS:
Issuance	Item Issue Detail	XXX
Misc Issuance		XXX
Closing Balance as on 28 Feb2015	Inventory material Value report	XXX
As per Report  -	GL Trail Balance	XXX
Diff		XXX