You can use the Close inventoryform to close an inventory on a given date. This creates adjustments to the original inventory transactions that are accounted as reversing transactions in the general ledger.

  1. Click Inventory management> Setup> Parametersto open the Inventory parametersform.

  2. Select the Inventory settlement – correctioncheck box to specify that inventory settlement transactions are accounted as correction transactions in the general ledger.

  3. Press CTRL+S or close the form.

  4. Click Inventory management> Periodic> Closing and adjustment> Close procedure> Closeto close the inventory on a given date.

  5. In the Close inventory up tofield, select the date on which you want to close the inventory.

    Note Note

    The Inventory settlement – correctioncheck box is automatically selected if you select the Inventory settlement – correctioncheck box in the Inventory parametersform.

  6. Click OKto recalculate and close the inventory. The transactions are created as correction transactions in the general ledger.

    Note Note

    For more information, see "Close inventory (form)" in the Applications and Business Processes Help.

  7. Press CTRL+S or close the form.

See Also