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Best Practice Checklist: Year-End Close in Zuora Billing

By Lana Lee posted 10-27-2023 17:04

  

Strengthen your Zuora foundation with best practice checklists from the Community, Knowledge Center, and Self Service Solutions so that you can confidently use Zuora.  

 

This checklist focuses on the Year-End Close Process in Zuora Billing where the goal is to update all transactions for the affected term to reflect the desired accounting codes. This best practice checklist walks through each step from video shorts from October 2023’s Finance workshop Preparing for Year-End Close in Zuora Billing. 

 

What you’ll learn:

  • Overview: Year-End Close

  • Prerequisite: Restate Accounting Codes In Zuora To Align To Your Gl Chart Of Accounts

  • Steps for Year-End Close

    1. Create new Chart of Accounts in Zuora

    2. Update Product Catalog Rate Plan Charges for Affected Charges

    3. Cancel All Posted Journal Runs for the Affected Term

    4. Re-open Accounting Periods for the Affected Term

    5. Use Finance Mass Updater Tool to Update Accounting Codes and Transactions

    6. Close the Accounting Periods One At a Time


START THE CHECKLIST

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