Revenue Management Transaction Sweep

Sweep transactions with unresolved errors from a previous accounting period to the next accounting period. This helps progress period close while exceptions are resolved in the period into which the transactions are swept.

Enterprises review and resolve the invalid accounting transactions before the period close. When such a resolution only happens after the accounting period is closed, enterprises risk creating manual entries instead of these missing entries, causing a loss of data quality and adding to orphaned records in the system that require additional maintenance. Transaction sweep automates this process and avoid unnecessary maintenance while keeping the data quality and traceability intact.

The Sweep Receivables Transactions to Another Period process is now renamed Sweep Subledger Transactions to Another Period. The enhanced process can sweep either Revenue Management or Receivables transactions to another period.

Use this process in conjunction with other period close processes, activities, and reports to close a Revenue Management accounting period.

The process identifies for the selected ledger the invalid transactions in a Close Pending accounting period that block the period close. Invalid transactions include:

Invalid distributions
Unposted distributions
Unbalanced journal entries

You can optionally run the process in Review mode to first review the invalid transactions. You can run the process in Sweep mode, with or without review, to sweep invalid transactions to another accounting period.

Sweep Subledger Transactions to Another Period

Parameters of the process:

Subledger Transactions: Select the subledger whose transactions you want to sweep. You can select either Receivables or Revenue Management depending on your access and requirement.

Ledger: Select the ledger whose transactions you want to sweep.

From Period: Select the Close Pending accounting period from which you want to sweep the invalid transactions

To Period: Select the Open or Future Enterable accounting period to which you want to sweep the invalid transactions

Execution Type: Select either Review transaction information without sweep or Sweep transactions to next accounting period.
- Review: Runs the process to review the invalid transactions from the selected Close Pending accounting period without actually sweeping them to the selected Open or Future Enterable accounting period.
- Sweep: Runs the process to sweep the invalid transactions from the selected Close Pending accounting period to the selected Open or Future Enterable accounting period.

Use the Sweep Subledger Transactions to Another Period process to:

Identify and act on the invalid transactions, unposted transactions and unbalanced journal entries.
Facilitate timely closure of Revenue Management accounting period.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

Run the Create Accounting process and post all journals for Revenue Management before running the Sweep Subledger Transactions to Another Period process.

The list of values for the parameter Subledger Transactions displays Receivables and Revenue Management, depending on your subledger access.

The list of values for the parameter Ledger displays the ledgers to which you have access.

The process generates the Sweep Distributions to Another Period Report, which you can use to view the transactions that are eligible for sweep.

Key Resources

Access Requirements

New privilege 'Manage Revenue Management Period Close Exceptions' has been added to the duty role 'Revenue Manager' to provide access to execute this scheduled process.