Question:
Year End In Inventory
Answer:
Year End in Inventory
Inventory implications for year end processing in General
Ledger are minimal.
It is important that you print all inventory reports and
store them in a safe place.
The Variance Amounts option on the Period End
menu clears the variance accumulators. This option only applies
to those using Standard Costing as their valuation method.
The rules for purging history apply to the Inventory module.
If you purge history, all your data is deleted.
Print all reports and back up your data files before you
purge history
Warning!
If you do not have Inventory integrated to General Ledger
and have been forced to make adjustments in the Inventory
module, you must make the same adjustments in General
Ledger.
