To proceed with a transaction in Oracle General Ledger, the user has to Open the Calendar Period. This action can be done from,
Oracle General Ledger -->Setup -->Open/Close Period
Just like General Ledger, other products in Oracle Applications has also its own Calendars. To open the periods in a single shot, there is a seeded Responsibility called 'Open/Close Periods'.
Steps to do this:
- Login to Oracle Applications.
- Switch to Responsibility 'Open/Close Periods'. ( Add this responsibility to the corresponding user from System Administator responsibility , if not available)
- Here you will find the following items
- Open/Close GL Period - For General Ledger
- Open/Close AP Period - For Payables
- Open Close AR Peiord - For Receivables
- Open/Close PO Period - For Purchasing
- Open/Close INV Period - For Inventory
