Herewith providing the generic period close process for Cash managment for R12.
1.Make sure you have Loaded & reconciled all bank statements for month
- You must verified Auto-Reconciliation Execution Report
2.If there any , resolve all exceptions
3.Create miscellaneous transactions
This step existed in Release 11i but the difference is that in Release 12 when you create the miscellaneous transactions in AR, the accounting is done by SLA.
4. Resolve unreconciled lines
- Bank Statement Detail Report
- Transactions available for Reconciliation Report
A Note on Transactions Available for Reconciliation Report
Take advantage of this report.This report shows all transactions available for reconciliation for a specific bank account. It lists detailed transaction information for your Available Receipts, AvailablePayments, and Available Journal Entries for reconciliation.
Detailed information includes the Customer, Supplier, Transaction Date, Payment Method, Transaction Number, Currency, and Amount. It also lists detailed information for statement lines that are available for reconciliation against other statement lines.
5.Reconcile to General Ledger
- GL Reconciliation Report
- Account Analysis Report for Cash Account
A Note on General Ledger Reconciliation Report
Use this report to reconcile the General Ledger cash account to a bank statement balance.
This report lists a balance and an adjusted balance for the bank statement. It also lists a separate adjustment amount for un-reconciled receipts, payments, and journal entries, as well as bank errors.
This Report will show
Hopefully these steps will be helpful for doing Closure for CE.