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

On the Number sequencestab, select a number sequence code for the Settlement transaction No.field.

Close the Inventory parametersform.

Click Inventory management> Periodic> Close and adjustment in currency> Close procedure> Closeto open the Closing of warehouse in currencyform.

On the Generaltab, in the Close inventory up tofield, select the inventory close date.

Note
All inventory movements that took place between the specified inventory close date and the last inventory close date will be adjusted.

Select the Update ledgercheck box to post the adjustment transactions in the General ledger.

Note
If you do not select this parameter, the cost price will be adjusted in the inventory transactions but the General ledger will not be adjusted.

In the Specificationfield, select an option to determine the level of detail to be posted to the General ledger:

• Total– Post the sum values for each unique ledger account as a total figure in the General ledger.

• Item group– Post the sum values for each unique item group in the General ledger.

• Item number– Post the value for each unique item in the General ledger.

Enter any necessary comments in the Notefield.

In the Maximum throughputsfield, enter or modify the maximum number of recalculation iterations from the inventory receipts to the inventory dispatch.

In the Minimum adjustment amountfield, enter or modify the minimum adjustment amount after which a recalculation iteration will be performed.

In the Minimum percentage of the quantity being settledfield, specify the minimum percentage of the quantity to be settled when you select the weighted average model.

Note
If the percentage ratio between inventory issue and receipt is less than what is entered, the settlement quantity will be increased to the minimum.

In the Minimum settlement amountfield, enter the minimum settlement amount when you select the weighted average model.

Note
If the percentage ratio between inventory issue and receipt is less than what is entered, the settlement quantity will be increased to the minimum.

Select the Run recalculation after closingcheck box to perform the inventory recalculation for the current date after inventory closing on a specified date.

Click OKto start the inventory closing process and return to the Closing and adjustmentform. The current closing session is updated with the transaction type as Closing.

The following actions are performed after inventory closing:

• The inventory transactions are updated in the General ledger based on the option selected in the Specificationfield.

  Note
  The inventory cost adjustments are updated to the general ledger cumulatively only if the Update ledger parameteris selected.

• Inventory transaction settlements for inventory closing are updated and displayed in the Settlements for voucherform. Click Inventory management> Periodic> Close and adjustment in currency> Settlementsto open the Settlements for voucherform and view the details.

  Note
  Inventory transaction settlements for cost price adjustment sessions, inventory closings, and recalculations are displayed in this form.

• When receipts and issues are settled, two settlement transactions with the same settlement transaction code are generated. They are displayed in the Settlements in the transactionform. Click Inventory management> Periodic> Close and adjustment in currency> Settlements> Transactionto open the Settlements in the transactionform and view the details.

• All inventory transactions are blocked up to the closing date.

  Note
  You cannot post inventory transactions to a closing period. However, if you need to post adjustments to a closing period, you can cancel the inventory closing by clicking Cancellationin the Closing and adjustmentform, and then adjusting the on-hand inventory and transactions. You can cancel only the last closing.