1. Enter all transactions. Be sure you enter all transactions for the period. Perform all issues,receipts, and adjustments. Verify that no hard copy records exist or are waiting for data entry, such as packing slips in receiving. 2. Check Inventory and Work in Process transaction interfaces.You can set up the material and move transaction managers […]
Users can see the number of pending transactions by navigating to the Inventory Accounting Periods Form.Navigate > Cost > Accounting Close Cycle > Inventory Accounting PeriodsPlace cursor on the appropriate open accounting period and click on the [Pending] Button. There are three zones titled “Resolution Required”, “Resolution Recommended” and “Unprocessed Shipping Transactions”. Unprocessed material transactions […]
You can perform the general ledger transfer at any time during an open period—not just at period close. Interim transfers allow you to reconcile and transfer information weekly, making the month–end period close process much simpler andfaster.The general ledger transfer loads summary or detail accounting activity for any open period into the general ledger interface, […]
An account alias is an easily recognized name or label representing a general ledger account number. You can view, report, and reserve against an account alias. During a transaction, you can use the account alias instead of an account number to refer to the account.
The period close process for perpetual costing enables you to Summarize costs related to inventory and manufacturing activities for a given accounting period. Distribute those costs to the general ledger. Calculates ending period subinventory values. Closes the open period for Inventory and Work in Process. Generally, you should open and close periods for each separate […]
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