Period Close in Payables

Sweep Program in Oracle Payables


Sweep Transaction to next period and pass a manual entry in the current period.


Sweeping transaction can be done as per following steps


v  Ensure that all activities are done and reconciliation is over


v  Review and resolve the following reports


Ø  Invoice on Hold Report

Ø  Journal Entry Report

Ø  Unaccounted Transaction Report

Ø  Reconcile payments


v  Submit Unaccounted Transactions Sweep Program as follows:


v  In control Payables period window if you will try to close Dec-13 Period, the system will enable exception button in the same window


v  Choose the exception button and you will see two options as Review and Sweep


v  Choose Sweep button. Payable opens sweep to period window. You enter next open period or take as default.


v  Select the submit button to submit unaccounted transactions sweep program. System will generate unaccounted transaction sweep report.



Review the Balances and consider passing a manual JE if required for the period for the above amount.

Once oracle provides the fix, we can reverse this manual Journal.


Please let us know in case of any other help and find screen shots below for understanding.




Screenshots








It will activate Excetption button

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