Inventory - Period End Processing

In the Inventory Management Period End menu, click Period End Processing to clear the monthly files and prepare for the next month's business. Period End Processing is normally performed at the end of each inventory period (usually the last business day of each month). When performed at year end, this process also clears the year-to-date sales information stored for each item.

Use Period End Processing to purge (clear) the detail file of all current transactions and/or remove LIFO, FIFO, lot, and serial costing tiers with zero quantities to save file space.

When performing period-end processing, be sure that the current accounting date agrees with the period-end date through which you want to have the files cleared. If the dates do not agree, on the File menu, click Change Date to change the accounting date before proceeding.

WARNING Backing up your data is an important part of your daily and weekly procedures. Back up all Inventory Management data before proceeding.

Certain Inventory Management options in Period End Processing use the module's accounting date as the purge date. For example, the Only Remove Transaction Detail option uses the module's accounting date. Certain restrictions can also be placed on the selection of the accounting date.