Oracle Fusion Period End Process

Navigation: General Accounting 🡪 Period Close

Select Ledger

Select Payables

System will show all period with status Open, Closed and Future

Before closing Payables period run following concurrent jobs to validate exceptions

Select Ledger and Period name to run period exceptions

Review output

Note: There is an exception not allow to close Payables Period, there are two ways to fix invoice exceptions:

1. Resolve by running accounting process
2. Sweep unaccounted transactions to next available open payables period

Run “Payables Unaccounted Transactions and Sweep Report” to fix unaccounted invoices and sweep to next available open period

After successfully sweep transactions re-run Payables Period Close Exceptions Report to validate other exceptions

All exceptions for period-end is now resolve to start closing payables period

Payables period successfully closed and status updated to Closed.