Oracle FA Period Closure and Reconciliation

[@ehteshamalam86]

Thank you, it was very well explained and easy to understand.

[@OracleEbizandFusionVideos]

You are welcome!

[@rajeshnair6425]

Such a easy way to understand and implement ... such a nice content to read and understand.

[@OracleEbizandFusionVideos]

Thanks

[@monikatharumani2520]

Great sir..a very wonderful explanation

[@OracleEbizandFusionVideos]

Thanks

[@mohammedsafi4921]

Can i dispose the Asset in the previous period without opening the GL period.(fiscal period). Please advise.

[@azadsable2527]

Great, just wow. Can you also please upload the video on how intercompany and intracompany balancing works and how one can setup the same?

[@OracleEbizandFusionVideos]

Sure. i made a note of this and I will try that in my future videos

[@OracleEbizandFusionVideos]

Please see below the video on Intercompany and Intracompany Accounting:- kzbin.info/www/bejne/r6O0pIagZtuboqM

[@abhisekhnayak5780]

the Gl account YTD balance is -82207 but the reserve summary ending balance is 82207 for account combination 001.000.1660 . Why so? Pls refer 17:23 min

[@OracleEbizandFusionVideos]

Reserve account is a liability account and hence its showing Cr balance and hence in GL, its shows as Negative. But whereas in FA report, it just showing the numbers in positive

[@bennyben1955]

Thank you for your videos. I'm very new to Oracle. What report can I run to see all expenses in detail to a CIP asset?

[@OracleEbizandFusionVideos]

You can run CIP Assets Detail report

[@soniasharma5187]

Do you have video on how to do the month end closing in AP?

[@OracleEbizandFusionVideos]

Please see video on AP Period Closure and Reconciliation:- kzbin.info/www/bejne/m3Wqonaahsx8rLM

[@karthik5374]

Hi. Actually I'm currently working on fusion. Currently watching your videos. Can i get this excel sheet please?

[@OracleEbizandFusionVideos]

Ping me on my facebook page and provide me your email id there so that i can email you...

[@OracleEbizandFusionVideos]

Hope, you are also following fusion videos on my channel...

[@karthik5374]

Yes watching your fusion video also

[@evangelinasantos8304]

Hello Sir, just want to ask some question regarding long time GL Balance in our CIP Account. The Project was done and all of the data in Unposted Mass Addition was posted and Capitalized but the CIP was not totally zero out it carries some balances. How can I identify those recurring balance says (Cost M Receiving- looks like accrual) it reversed and post again to the other month. Is there a way I close this account or make a Manual journal entry to zero out the GL, is the system will not create a new entry again.

[@OracleEbizandFusionVideos]

Its difficult to comment without knowing what happened and with these few details...But if you want CIP balance to be zero, yes, you can pass manual journal entry

[@divyakumari8629]

What if we pass any entry in GL for invoices which are posted in asset account instead of hitting clearing account while booking invoice. Can passing reclass entry through GL will make such invoices flow in mass addition report ?

[@OracleEbizandFusionVideos]

No... GL entries will not reflect in Mass Additions report

[@rajeshmishra4237]

Hi Arvind, If the period is wrong I have hard closed a period while running the depreciation , is there any way that I can open up the period again....today on a day closing happened with me...I have informed the FST team.....I am afraid to tell this to my manager

[@OracleEbizandFusionVideos]

Unfortunately, system do not allow to re-open a closed FA Period

[@furqankamran6503]

The first item in the item checklist is to ensure that all required FA Additions, Reclassification, Retirement, Revaluation, etc… are completed. Can you please guide how we can ensure that all FA Additions, Reclassification, Retirement, Revaluation completed, can you tell any steps or any report that can be run to make all these transactions complete? Thanks

[@OracleEbizandFusionVideos]

There are reports which shows the details of FA Additions, Retirement, Revaluation etc.... What i am saying is that using this checklist, business users should ensure that all the required Additions, reclassifications, retirement transactions are entered by them...

[@ghodighosh9050]

Great video. Once you finish with the General Ledger Period Closure, can you do a video on Cash Management?

[@OracleEbizandFusionVideos]

There is no period closure for Cash Management

[@rajeshnair6425]

Kindly share other module period closure as well..

[@OracleEbizandFusionVideos]

Yes, as of now, the below modules are covered in my videos:- FA, GL, AP, AR and AGIS

[@krishanakantsharma7460]

HI , Request you to post a video regarding the Transfer of an asset(Inter & Intra) with there accounting impact.

[@OracleEbizandFusionVideos]

Sure. Stay tuned to my channel

[@OracleEbizandFusionVideos]

When you say inter and intra, are you referring to transferring asset from one Balancing segment to another balancing segment (within same legal entity and different legal entity)?

[@pawantawaniya4754]

If there is any issue in internal reconciliation. What will be trouble shooting steps? Kindly share

[@OracleEbizandFusionVideos]

The reports mentioned under internal reconciliation are standard reports. If there is really a issue, then i believe Oracle SR needs to be raised to get the report fixed or to trouble shoot any possible data corruption

[@pawantawaniya4754]

@@OracleEbizandFusionVideos Ok Sir.. Thanks for your reply.

[@aapsebaat5627]

Sir, can you pls make a video on CM process and functionality like what does Manual Clearing, Reconciliation feature does with accounting.

[@OracleEbizandFusionVideos]

Sure

[@balakrishnan403]

Hi Sir, Nice explanation. Can you please provide me the excel sheets for all Period close and recon . I can share you my email ID.

[@OracleEbizandFusionVideos]

Share me your email id so that i can email you excel sheet

[@balakrishnan403]

@@OracleEbizandFusionVideos [e-mail]

[@balakrishnan403]

@@OracleEbizandFusionVideos Please share P2P,O2C and FA Accounting excel sheet as well, Thanks in advance.

[@OracleEbizandFusionVideos]

@@balakrishnan403 Sent

[@balakrishnan403]

@@OracleEbizandFusionVideos Thank you Sir