You can use the Close inventoryform to recalculate and close an inventory on a given date. This creates adjustments to the original inventory transactions, which are accounted as reversing transactions in the General ledger. In addition, the inventory settlement transactions are posted as correction transactions.

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

  2. On the Generaltab, select the Inventory adjustment – correctioncheck box to specify that the inventory adjustments should be accounted as corrections to the General ledger.

  3. Select the Inventory settlement – correctioncheck box to specify that the inventory settlement transactions should be accounted as correction to the General ledger.

  4. Press CTRL+S or close the form.

  5. Click Inventory management> Periodic> Closing and adjustment> Close procedure> 3. Closeto recalculate and close the inventory on a given date.

    Note Note

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

  6. Click OKto recalculate and close the inventory.

  7. Press CTRL+S or close the Closing and adjustmentform.

See Also