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As requested by some of reader , Here are steps and checklist for R12 AR Month End Close and Reconciliation.

1. Complete All Transactions for the Period Being Closed

2. Complete and review your unapplied receipts

3. Reconcile Receipts to Bank Statement Activity for the Period

4. Change period status to Close Pending

Navigate ..Control>Accounting>Open/Close Periods

Donot get confused with various status of periods:

a— Closed: Journal entry, posting, and transaction entry are not allowed unless the accounting period is reopened. Receivables verifies that
there are no unposted items in this period. Receivables does not el t you close a period that contains unposted items.

a— Close Pending: Similar to Closed, but does not validate for Unposted items. Journal entry, posting, and transaction entry are not allowed
unless the accounting period is reopened.

a— -uture: This period is not yet open, but you can enter transactions in this period. However, you cannot post in this period until you open it.

a— Not Opened: This period has never been opened and journal entry and posting are not allowed.

a— Open: Journal entry and posting are allowed.

5.Create accounting

Due to the introduction of the Subledger Accounting Architecture in Release 12 this step is new, as it enables you to createaccounting for your completed
transactions, which will be feed into General Ledger.Check it out old Notes (here, here, here )for SLA Process.

6.Review Unposted Items Report

You can review the Unposted Items Report to determine if any exceptions have been encountered, that willneed to be resolved, to ensure all accounting has been
successful for all transactions.

7.Reconcile Transaction Activity for the Period (Transaction & Receipt)

a— Run Journal Entries Report

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a— Receipt Register

a— Receipt Journals Report

In theory this step is unchanged between Release 11i and Release 12. It¶s just important to note that you should not be tryin
g to reconcile distributions on
transactions to account balances, as these are not necessarily the final accounting for these transactions.

1.Check that Receivables Receipts Balance by running the Receipt Journal report and the Receipt Register for the same GL Daterange.

2. Use the Receipt Journal to View information about Receipts that appear in your Journal Entries report. Use the Receipt Register to Revi ew a list of receipts for
the date range that you specify. The total of the Receipt Journal should equal the total of all receiptsin the Receipt Register. These reports display information
about both Invoice±Related and Miscellaneous Receipts.

8.Reconcile outstanding customer balances

a— Aging Report (last period)

a— Transaction Register

a— Adjustments Register

a— Invoice Exceptions

a— Applied Receipts Register

a— Unapplied Receipts Register

a— Aging Report (this period)

Most of these reports haven¶t changed between Release 11i and Release 12, except that they look at the SLA tables instead ofthe AR tables.

If you are coming from 11i to R12, you should note that there is change in Aging Repots(Aging ± 7 Buckets ) Behaviour .

-ew High Points of Changes are:[Adpoted User Guide]

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