Inventory recalculation results in adjustments that match inventory receipts to issues. Unlike inventory close, it will not make a settlement and close a transaction.

The same parameter settings are available for inventory recalculation as for inventory close, but inventory recalculation can be performed on a subset of inventory items. Inventory close must be performed on all inventory items.

You can still post transactions to a period for which inventory recalculation has already been processed. The inventory module will not be closed as a result of an inventory recalculation as it is with inventory close.

Since inventory recalculation can be run on a subset of items, and because inventory recalculation will not make an adjustment for less than the throughput amount, it is not as accurate as an inventory close and should not be relied on to replace inventory close.

To recalculate the inventory and match item issues with receipts in order to determine their cost price without closing the inventory, follow these steps:

  1. Click > > > to open the form.

  2. If you want to select specific items or item groups to be recalculated, click . Your selection displays in the field group.

  3. In the field, type or select a date before which you want the inventory to be recalculated.

  4. Fill in the remaining fields as required.

  5. Click OKto start the recalculation.

Note Note

In order to speed up subsequent inventory close procedures, avoid running too many recalculations after the expected closing date.

See Also