Month-End Close/Year-End Close

Question: Can I close submodules before running labor?

Answer: Recently updated month-end close policy does allow you to close submodules before running labor.

Question: Can I run depreciation before or while running the cost allocation process?

Answer: If a department does not have asset allocations, depreciation can be run before the cost allocations. However, the asset allocations must be run after Accounts Payable and Purchase Order modules are closed.

Question: How do I check if cash clearing accounting entries have been created?

Answer: Cash clearing accounting entries are normally generated with the payment sequence number 0 and can be checked by using the following navigation path: FI$Cal Processes > FI$Cal Extension>Subsystem Accounting Entries>click search> click DJP hyperlink. Then enter Deposit Unit, Deposit ID and Payment Sequence “0”.