Inventory Year Close

Menu Path: Warehouse Management $Images\bluerarw.gif$ Posting and Period Controls $Images\bluerarw.gif$ Inventory Year Close

Purpose

Close an inventory accounting year.
Validate that all periods for the year are closed.

Overview

Use Inventory Year Close at the end of the accounting year to manually close the year.

To close an inventory accounting year, select the year to close and click the OK button in the ribbon. The software validates that all accounting periods for the year have been closed.

Note You must use Inventory Year Create to open a new inventory accounting year.

Note With proper security authorization, you can continue to post transactions against the year by selecting the year as the accounting year for your transaction. This applies to all areas of the system including accounts payable, accounts receivable, and the general ledger. The authorization for posting to prior years is defined in User Profile Maintenance.

Ribbon Home Tab Buttons

Button	Description
Exit	Click this button to close the Inventory Year Close window.
OK	Click this button to close the selected inventory accounting year.

General Tab Fields and Buttons

Field or Button

Description

Year

Click the Lookup button to select the year you want to close.

Note You cannot close a year if the year has any open periods.