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Period Close Processing Checklist - R12 Receivables: o o o o o o o o o o o o

This document provides a 15-step checklist for closing out the receivables period in an R12 system. The steps include completing transactions, reconciling unapplied receipts and bank statements, reviewing unposted items, reconciling customer balances and reports, posting receivables transactions to the general ledger, printing invoices and statements, reconciling receivables activity to the general ledger, officially closing the receivables period, and doing tax reporting.

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36 views

Period Close Processing Checklist - R12 Receivables: o o o o o o o o o o o o

This document provides a 15-step checklist for closing out the receivables period in an R12 system. The steps include completing transactions, reconciling unapplied receipts and bank statements, reviewing unposted items, reconciling customer balances and reports, posting receivables transactions to the general ledger, printing invoices and statements, reconciling receivables activity to the general ledger, officially closing the receivables period, and doing tax reporting.

Uploaded by

PERUSE
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Period Close Processing Checklist -> R12 Receivables

This is recap of previous post in brief for Close Checklist – Receivables

1. Complete Transactions
2. Review Unapplied Receipts
3. Reconcile Receipts to Bank Statement
4. Change Period Status to Close Pending
5. Create Accounting
6. Review Unposted Items Report
7. Reconcile Transaction Activity
o Transaction Register
o Sales Journals
o Receipt Register
o Receipt Journals Report
o Journal Entries Report
8. Reconcile Outstanding Customer Balances
o Aging Report (run for last period)
o Transaction Register
o Adjustments Register
o Invoice Exceptions
o Applied Receipts Register
o Unapplied Receipts Register
o Aging Report (run for this period)
9. Post (GL) Receivables Transactions
10. Print Invoices
11. Print Statements
12. Print Dunning
13. Reconcile Receivables Activity to GL
o AR Reconciliation Report
o AR-GL Reconciliation Report
o Third Party Balances Report
o Account Analysis Report
14. Close Receivables Period
o Subledger Close Exceptions Report
o Change Period Status to Closed
o Open Next Period
15. Do your Tax Reporting

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