IC190 - Closing
Run this program to close out the current inventory period. This program
captures period end balances and calculates the average stock-on-hand quantity
for each Item Location record. Period end balances are used for analysis
purposes on the following inventory reports:
IC152 (Movement Analysis - GMROI)
IC224 (Gross Margin Return on Investment)
IC134 (Inventory Turnover)
IC135 (Inventory Turnover by Issues)
This program does not close the general ledger period for inventory. If you
are using subsystem control for the Inventory Control application, you must
run IC199 (Subsystem Close) to close the subsystem period before the general
ledger period can be closed in the General Ledger application.
Important: Before running this program, make sure you release all transaction
documents for the period and run IC130 (General Ledger Interface). Also, if
you are closing the last period of the year, this program requires you to set
up period end dates for new year.
Updated Files
CKPOINT - Used in backout or restart circumstances.
ICCOMPANY - Used to validate the company number and to update the company
current period and period statuses.
ICHISTORY - Used to maintain period end quantities and cost. Also used to
calculate average inventory.
ITEMLOC - Average inventory is updated in this file.
Referenced Files
ICACTIVITY - Used to determine if any unreleased transactions exist for
period being closed.
ICRECEIPTS - Used to calculate period end cost.
ICTRANS - Used to determine if there are any released but unposted
transactions.
ITEMMAST - Used in an Inventory Control common routine.
|
