Closing Inventory Periods
An inventory period accumulates until you specifically close it. Close your inventory periods according to your normal accounting practices.
- Click the Products icon, select Inventory, and select Period Close.
OR
Click Tasks on the main window toolbar, select Inventory, and select Period Close.
The Inventory Period Close window opens.
- Select the Include year end close check box if you are at the end of your fiscal year.
- Click OK.
Your period-to-date inventory numbers are moved to year-to-date numbers, or if you included year-end numbers, your inventory numbers are moved to last year in the products’ Product Detail Maintenance window.