Financials for India (OFI) Reconciliation Frame Work and Period End Best Practices

In OFI product, accounting entries for the tax regimes posted directly to the General ledger interfaces from the respective tax repositories, because of this, it is always a challenging task for the users to do reconciliation between OFI repository vs GL .The current topic will not only covers the reconciliation methodology for India localization regimes like Excise, Service tax, VAT and other core accounts like Inventory,Accruals etc., but also covers the monthly period end best practices to be followed; This  proactive measure  helps users to avoid reconciliation issues

Naveen Kumar Vaddadi is a Chartered Accountant having 16 years experience including 14 years post qualification experience, worked in various companies who are pioneers in the areas of manufacturing,
engineering and service sectors. Currently he is a part of the "Global Support Team" for Oracle Applications E-Business Suit. He delivered various white papers, training and brown bag sessions on the India Localization (OFI product) architecture and functionality. He had been working on this product since its inception. He is a techno functional and Subject Matter Expert in Oracle Financials for India and an  Integration Expert in e-Business Suite and expert in doing product designing, Implementations, handling reconciliations, pre and post production support on this product.

At Oracle he has received awards like EBS Annual Service Award for “Best Collaborative Effort” , Outstanding Team Award, Star Performer Award,  Pacesetter Award, Customer Champion Award, Spot Awards and many more

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