Inventory Periods Window

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Specifies all inventory periods. You can use this window to define new inventory periods and close or reopen inventory periods.

An inventory period defines a period of time in which you can post changes to the inventory value. An inventory period is defined by the date that it ends, as specified in the Ending Date field. When you close an inventory period, you cannot post any changes to the inventory value, either expected or invoiced, before this ending date. Also, you cannot post any new values to inventory before this ending date. You can still apply outbound quantities to open item entries in the closed period. This means that positive quantities that have not yet been consumed by (applied to) outbound transactions..

Inventory periods can be reopened to enable posting in the period again. For more information, see How to: Work With Inventory Periods.

Note

You can delete an inventory period if it has not yet been closed. However, you cannot delete an inventory period if it has one or more inventory period entries.

You can track the user actions involved in closing and reopening inventory periods in the Inventory Periods window.

Inventory Periods and Accounting Periods

Inventory periods are not integrated with accounting periods in any way that imposes entry dependencies between the two. However, the inventory period status is indicated in the Inventory Period Closed field in the Accounting Periods window.

In addition, the Inventory Period Closed field is included in the Close Income Statement window to inform users working at the general ledger level about the status of the inventory ledger to avoid reconciliation issues.

Another integration between inventory periods and accounting periods is the following message that is displayed when you close an inventory period that is in a closed accounting period:

The accounting period is already closed. Are you sure you want to reopen the inventory period that ends on XX/XX/XX?

Tip

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See Also

Reference

Ending Date
Inventory Period
Inventory Period Entries

Other Resources

Accounting Periods
Inventory Period Closed
Close Income Statement
How to: Work With Inventory Periods
Design Details: Inventory Periods