Period-End Processing Checklist

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Use the following checklist to perform period-end and year-end processing activities.

Warning Backing up your data is an important part of your daily, weekly, and period-end procedures. For more information, see System FAQs.

  1. Back up the Inventory Management files onto a monthly set of backup disks or tapes.

  1. Verify that all inventory sales, receipts, transfers, issues, and adjustments are recorded for the current period.

  1. If you have LIFO, FIFO, lot, or serial items, print the Inventory Negative Tier Report to check for negative tiers. If negative tiers exist, they must be corrected.

  1. Perform period-end processing. For more information, see Perform Period-End and Year-End Processing.  

  1. Select the reports to print for the period.

  2. For period end, print at least the Inventory Stock Status Report, Inventory Detail Transaction Report, and Inventory Trial Balance.

  3. For year end, print at least the Inventory Sales Analysis, Inventory Sales History Report, Inventory Receipts History Report, and the Inventory Trial Balance.

  1. Complete period-end processing after all the selected reports have been printed.

  1. Back up the Inventory Management files using a separate set of disks or tapes from the set used to back up the system in step 1.

  1. To purge Inventory Management data files, see the Inventory Management Utilities menu. For more information, see Purge Inventory Management Data.