Your close needs to be quick, accurate and reliable. With a clear and consistent process, you can ensure that you are comfortable with your results and that you have the proper backup. Confirm that both your Accounts Receivable activity balances to your Aging and that your AR, SLA and GL values are in sync – and, if not, find out why not. This article by Oracle Receivables Specialist Cathy Cakebread includes a step-by-step process with details for improving your close and a detailed reconciliation for Release 12 (and 11i too). Most of the concepts presented here are applicable for all releases of Oracle Receivables.
Published with permission from Cathy Cakebread.