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 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. 

About Year-End Close in Zuora Billing

Overview of Year-End Close in Zuora (Video)

Checklist: Year-End Close in Zuora Billing

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

• • If you have already closed your accounting periods, ask Zuora support to help by asking “I have to restate the entire year of accounting codes - How do we update since we’ve closed our books?
    
    

□ Step 1: Create new Chart of Accounts in Zuora (Video)

□ Step 2: Update Product Catalog Rate Plan Charges for Affected Charges (Video)

□ Step 3: Cancel All Posted Journal Runs for the Affected Term (Video)

□ Step 4: Re-open Accounting Periods for the Affected Term (Video)

□ Step 5: Use Finance Mass Updater Tool to Update Accounting Codes and Transactions (Video)

• • Step 1 - Using AR Forward Detail Report for Mass Updater
  • Step 2 - Using AR Forward Detail Report for Mass Updater
  • Example Account Billing Preview

□ Step 6: Close the Accounting Periods One At a Time (Video)

• • Verify Accounting Code Update and Close Accounting
  • How to Create a Journal Run