Project Period Closure
The steps to be followed for PA period clsoure,
1. Clear all the
transactions from Interface tables
2. Import them
3. Run all the
Expenditures (PRC, Interface processes) make sure none of the expenditures are
not accounted
4. Run Borrow and
Lent process if any, Transfer to GL
5. Run Revenue
Process, make sure revenue is generated, accounted
6. Review the
revenue draft versions created, make sure all revenue draft versions are
released
7. INterface revenue
to GL, then later Tie back process
8. Run the Invoicing
process
9. Make sure to
Approve, release all the Invoices in draft version
10. Interface to AR
( ensure that none of the records are in error)
11. Auto Invoice
Import in AR
12. Tieback process
in PA
13. Run Exc:
Transaction Exception details by GL Period/ PA period , Exc: Transaction
Exception summary by GL Period/ PA Period
14. Make sure the
report output on step 13 are blank, if yes try to clear all the transactions
and re run the reports
15. Now try closing
the period