Oracle General Ledger Guide

CHAPTER 11Monthly Processing

Month end, from an accountant’s standpoint, is the most hectic time of the month and requires processes to be in place, as well as a good understanding of how your accounting system can help out, in order to meet the deadlines imposed by the business and by government agencies. Like consolidations, month end actually has two components: mechanical, reproducible processes and the intellectual, analytical side. Bill Gates introduced the idea of a digital nervous system back in 1999, where accurate, immediate information is brought to the fingertips of knowledge workers, who collaborate and develop insights based on this information. Month end processing is the ultimate digital nervous system, where many of the repetitive ...