GL:Open or Close Periods in Oracle Apps

 

 

 

Filed Under  accounting period, encumbrance year, open next period, open next year, PERIOD STATUS

 

In this article I have talked about opening and closing periods in various modules .
General Ledger module

Responsibility: General Ledger
Navigation: Setup > Open/Close

Payables module

Responsibility: Payables SuperUser
Navigation: Accounting > Control Payables Periods

Receivables module

Responsibility: Receiving SuperUser
Navigation: Control > Accounting > Open/Close Periods

Assets module

Responsibility: Asset SuperUser
Navigation: Asset System > Book Controls

On this form the current FA period is shown. In FA the period cannot be opened from a form as in the other modules. The assets have to be depreciated and the period has to be closed from the Depreciation form so that Oracle automatically opens the next period.
Depreciation form
Navigation: Depreciation > Run Depreciation

You can find out about Depreciation in detail in this article.

Inventory module

Responsibility: Inventory SuperUser
Navigation: Accounting Close Cycle > Inventory Accounting Periods

You need to select the Inventory Organization and open the periods individually for each org.

Purchasing module

Responsibility: Purchasing SuperUser
Navigation: Setup > Financials > Accounting > Control Purchasing Periods