Review Inventory Cost Accounting
Published on
October 27, 2023 at 2:37:00 AM PDT October 27, 2023 at 2:37:00 AM PDTth, October 27, 2023 at 2:37:00 AM PDT
When closing a period, you must run the costing accounting process for the period close. To complete this task, ensure that there are no costing items to be corrected and that inventory costing calculations are not already currently running.
To open this task on the checklist, you must have already completed theReview Negative Inventorytask.
To review inventory cost accounting:
Go toSetup > Accounting > Manage G/L > Manage Accounting Periods.
Click theChecklisticonfor a period.
Click theGo To Taskarrow icon next toReview Inventory Cost Accounting.
ClickReview Inventory Cost Accounting.
Please note the following:
To run inventory costing calculations, there must be no items on the Review Inventory Cost Accounting page in the list of outstanding items to be corrected. If any items show on the list, you must wait until they are resolved. If an item on the list cannot be resolved, you are prompted to contact customer support.
If inventory costing calculations are currently running or are deferred, you cannot click theReview Inventory Cost Accountingbutton.
If inventory costing calculations are currently deferred, you must wait until the scheduler runs inventory costing calculations.
If inventory costing calculations are disabled, you are prompted to contact customer support.
After the inventory costing calculations have finished running, clickMark Task Complete.
You can also reconcile transactions that are not dated within the corresponding financial period and set a preference for handling mismatched transaction entry.