Inventory End of Month and Year Processes

To close the Inventory period at the end of the month or the end of the year, review the following:

• Physical Count Batches - Verify there are no pending physical count batches for the current period.
• Inventory Transactions - Verify you entered and posted all required inventory transactions for the current fiscal period.

After all transactions are posted, you can then close the period:

1. Click the Close Period - Inventory link from the Main Menu. The Edit Fiscal Period screen opens.
2. Click the Close Period button at the top of the screen. A success message appears when the fiscal period is closed. 
3. Click OK. The current period is closed and the next fiscal period is set to Current.