Inventory close will settle issue transactions to receipt transactions based on the inventory model you select in the item's inventory model group setup. You can also choose to have the general ledger updated to reflect the adjustments created.

After following the recommended steps in the topic Preparing to run inventory close, run the close procedure by following these steps:

  1. Select > > > > to open the form.

  2. In the field, type or select the end date for which you want to close inventory.

  3. Select the check box if you want to run a recalculation up to the current date after the closing has completed.

  4. Set any other options you want to choose for this inventory close.

  5. Click OK. After inventory close has completed, the results will be reported in the form.

    Note Note

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

See Also