IC End Of Period

Navigator > Tasks > Inventory Control > End Of Period

You can move the Current Period for Inventory Control processing and reporting forward one period.

Normally this is done each month at the end of the accounting period after:

• Any Stocktake variances have been updated.
• All IC Batches (Manufacture Batches, Adjustment Batches, Receipt Batches) have been posted.
• All Invoices and Credits have been posted.
• All Shipment Receipts have been posted.
• All JC Batches have been posted.
• End of period report lists have been run.

IC End of Period Update

Take a monthly backup as well as the daily backup before you perform an End Of Period.

End of period is not reversible, it should usually be done after all processing for the period is completed, though transactions may still be posted subject to available periods and other constraints, and reports are available as at any period.

Before the update form is displayed, a number of checks occur and warnings will appear if there are unposted documents or batches or if no transactions have been posted for the period.

• View the Current Period to ensure you are in the correct period.
• Usually you would print reports prior to the End Of Period.

Click Run to proceed with the End of Period which will:

• Advance the Current Period and available period range, setting status for the period to Open if required.
• Add balance records as required.
• Revalue stock on hand if that has not been done prior.
• Set value sold, cost of sales and gross margin month to date figures to zero.