Playbook: Oracle Fusion month-end close sequence
Egisedge's working sequence for a controlled month-end close in Oracle Fusion Financials.
- Agree the close calendar (Day -2 to Day +5) with a named owner for each task
- Clear expense approvals and pass approved reports to Payables
- Finish Payables processing, reconcile bank activity and account all transactions
- Sweep or resolve exceptions, then close Payables and reconcile to the ledger
- Close Receivables to Close Pending and reconcile to the ledger
- Post asset activity and run depreciation only when all additions are in
- Book accruals, allocations and intercompany entries
- Load month-end rates, run revaluation, then translation
- Reconcile GST accounts and balance sheet accounts; obtain sign-off
- Close the GL period, open the next one and hold a short lessons-learned review