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ManualDoc:PeriodEndClose To FinancialReportBusinessFlow

Warning.png   This document is still a work in progress. It may contain inaccuracies or errors.

Introduction

Period End Close to Financial Report business flow addresses daily accounting activities as well as the life-cycle of an accounting period.
It also includes the business processes for the production of internal and external financial and tax reports.

This business flow is primarily executed within Openbravo Financial Management // Accounting application area.

Due to its complexity and different roles involved it is convenient to split Period End Close to Financial Report down into below main sub-processes:

The abstract "Period End Close to Financial Report" business process is defined by the following diagram:

PeriodEndCloseToFinancialReport.png

Roles Involved

The following roles are involved within this process:

Relationship with other Business Flows

"Period End Close to Financial Report" business flow is fully integrated with below listed business flows:

Procure to Pay
Supplier invoices accounting is a key financial data to take into account.

Order to Collect
Customer invoices accounting is a key financial data to take into account

Receivables and Payables Management
As the finance department needs to have up to date and reliable data about accounts receivable and payable as its disposal, information which is also a key part of the financial and tax reporting.

Bank Statement to Bank Reconciliation
As bank statement reconciliation can be posted and therefore can be part of the financial reporting.

Asset Acquisition to Dispose
As asset amortization must be posted and must be part of the financial reporting.

Inventory Accuracy
Due to the fact that the inventory can also be post, therefore inventory accounting will also be part of accounting and financial reporting.


Please follow Financial Management // Accounting application area to understand how Period End Close to Financial Report business flow is executed in Openbravo.

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