Closing Period Process
Accounts Payables
1- Run Period Close Exception Report
2- Run Process Expense Reimbursements and Cash advance
3-Run Mass Addition
4- Create Multiperiod accounting to hit expenses Account
5-transfer all transaction that in final mode to GL
6-Run Create accounting with post in general ledger
7-Reconciliation process between Payables and Cash Clearing
8-Reconciliation Process between Payables with General Ledger (Liabilities Accounts, Accrued)
9-Close Current Period and Open Next Period
Report
- Period Close Exception Report
- Payables to Ledger Reconciliation Report
-Invoice Register
-Payment Register
-Supplier Invoice Aging Report
Cash Management
1- Upload all bank statements
2-Reconcile bank statements with System Transactions (Payment, Payroll)
3- Complete bank account transfers
4- Complete External Transactions
5- Create Accounting for External Transactions
6- Reconcile Cash and Cash Clearing Accounts between Ledger and Subledger
Reports
Cash to General Ledger Reconciliation Report
Banks Statements Report
Fixed Asset
1-Prepare Mass Addition
2-Run Depreciation
3-Calculate Gain and Lose for Asset Retirements
4-Create Accounting For Assets
5-Reconcile Fixed Assets Balances to the General Ledger
Reports
- Journal Entry Reserve Ledger
- Asset Register Report
-Asset Addition Report
-CIP Details Report
- Asset Retirements Report
- Cost Clearing Reconciliation Report
Procurement
1- Complete and approve purchase requisitions
2- Complete and approve purchase orders
3- Complete receipts and returns
4- Review Outstanding and Overdue Purchase Orders
5- Transfer Transaction from Receiving to Cost Management
6- Create Receipt Accounting Distributions
7 - Create Accounting for Receiving Accounting
Reports
Create Accounting Execution Report
General Ledger
1- Generate Reversal Journals
2- Review and Verify Journal Details of Manual Un-posted Journal Entries
3- Enter Adjustment and/or Accrual Journal Entries and Post
4- Complete Import of Accounting Entries from Subledgers (Payroll, Procurements ) to General Ledger .
5- Submit the Create Accounting process with the Transfer to General Ledger option set to Yes to
account and transfer any unaccounted transactions to General Ledger.
6- Submit the Post Journal Entries to General Ledger process to transfer to General Ledger any
transactions that were accounted in final mode, but that were not transferred
7-Close Current Period and Open Next Period
Reports
- Trial Balance
-Accounts Analysis
-Create Accounting Execution Report
- Journal Entries Report -
