1. Using Project Revenue and Billing
  2. Can I close an accounting period that has unaccounted revenue and reclassification accounting events?

Can I close an accounting period that has unaccounted revenue and reclassification accounting events?

No. The accounting must be complete for all accounting events in the current accounting period.

Take one of the following actions to close the current accounting period in Project Financial Management applications:

  • Create final accounting entries in Oracle Fusion Subledger Accounting for all unaccounted accounting events that reside in Project Financial Management applications. You must post the final accounting entries to Oracle Fusion General Ledger to close the accounting period.

  • Alternatively, sweep all unaccounted accounting events in Project Financial Management applications into the next accounting period.