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IC190 - Closing
Run Closing (IC190) 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.
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.
**Processing Effect
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)
Updated Files
CKPOINT -
ICCOMPANY -
ICHISTORY -
ITEMLOC -
Referenced Files
ICACTIVITY -
ICRECEIPTS -
ICTRANS -
ITEMMAST -
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