Closing Inventory Periods

spena

Hi,

We have several accounting periods, dating back to 2014. When we run adjust cost, we don't want any value entries or any GL entries to post prior to 06/01/18. So what we did is closed inventory period May 2018. We also set the Allow Posting To and From as 06/01/18 to 07/31/18.

This worked out well. All item ledger entries prior to 06/01/18 had value entries post to 06/01/18, and all item ledger entries posted after 06/01/18 had value entries created on their respective dates.

My question is do we need to go back and close each and every inventory period up to May 2018, or will closing May 2018 block anything from updating periods prior to May 2018?

Thanks,

Steve

KTA8

if you selected the period, it will close all the previous ones as well

KTA8

if you selected the period, it will close all the previous ones as well

spena

Hi,

Yes, I tried creating a previous period, and it would not even let me.

Thanks!

Steve