Zuora Community Resource Library

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 Accounting Close Prerequisites for the Month-End Close Process in Zuora Billing. 

Overview

□ About the Accounting Close Month-End Close Prerequisites

Prerequisite 1 - Setup User Permissions and Roles 

□ Setup user permissions and roles - Zuora Billing Finance comes with two pre-configured roles, Administrator and Standard User. Customize your own roles to limit access for specific users.

Prerequisite 2 - Create Accounting Periods

□ Create Accounting Periods - Create accounting periods using the UI ( Z-Finance->Accounting Periods). Query and create accounting periods using the API.

Prerequisite 3 - Configure Chart of Accounts 

□ Configure Chart of Accounts - Chart of Accounts are configured in the UI. You can create and edit the chart of accounts using the UI (under Z-Finance->Chart of Accounts).

Prerequisite 4 - Configure Aging Buckets 

□ Configure Aging Buckets - Aging buckets are configured in the UI. (Under Settings->Z-Finance Settings->Configure Aging Balance Settings).

Prerequisite 5 - Assign Accounting Codes 

□ Assign Accounting Codes - Recognized Revenue Accounting Code is the offsetting GL account to your accounts receivable account.

Prerequisite 6 - Configure Segment and GL Segmentation Rule 

□ Configure Segment and GL Segmentation Rule - Segments and the GL segmentation rule allow you to create summary journal entries that are segmented across different business dimensions 

Related Checklists

□ Review Checklist: Revenue Recognition Prerequisites
□ Review Checklist: Accounting Close