In this article I have talked about opening and closing periods in various modules .
General Ledger module
Responsibility: General Ledger
Navigation: Setup > Open/Close
Payables module
Responsibility: Payables SuperUser
Navigation: Accounting > Control Payables Periods
Receivables module
Responsibility: Receiving SuperUser
Navigation: Control > Accounting > Open/Close Periods
Assets module
Responsibility: Asset SuperUser
Navigation: Asset System > Book Controls
On this form the current FA period is shown. In FA the period cannot be opened from a form as in the other modules. The assets have to be depreciated and the period has to be closed from the Depreciation form so that Oracle automatically opens the next period.
Depreciation form
Navigation: Depreciation > Run Depreciation
You can find out about Depreciation in detail in this article.
Inventory module
Responsibility: Inventory SuperUser
Navigation: Accounting Close Cycle > Inventory Accounting Periods
You need to select the Inventory Organization and open the periods individually for each org.
Purchasing module
Responsibility: Purchasing SuperUser
Navigation: Setup > Financials > Accounting > Control Purchasing Periods
Cheers!
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