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Period Closing sequence

Posted: Thu Nov 04, 2010 2:16 am
by syedtaju_21
Hi,
What is the Period Closing Sequence for Inventory, Purchasing, Payable and we are using Cost Management also.
Advance Thanks

Posted: Thu Nov 04, 2010 6:32 am
by anjan123
Hi,

Sequence as follow.

1. Payables
2. Purchasing
3. Cost management
4. Inventory.

be sure you dont have any pending transaction to account/ transfer to GL.

Regards
Anjan

Posted: Thu Nov 04, 2010 6:57 am
by syedtaju_21
Thanq for giving update.
Cost Management will also use the Inventory Period then if close the Inventory period then?
Advance Thanks