MANUALS > G/L Interface > G/L Interface Switches > CLOSEBAL - Inventory Balance Costing

CLOSEBAL - Inventory Balance Costing

Inventory Balance Closing

Affected window: w_inventory_costing

When the Inventory Balance is closed out, the month/year of the last closing will be stamped in the Config Date field. The Config Date field is used:

In the G/L Interface/ Print/ Inventory Costing when the user runs the Inventory Balance report it will close out the Inventory values and time stamp it.

Note: The Configuration Date field is updated automatically every time the Inventory Balance is closed monthly.

G/L Date:

If Switch J/E had a date that is older than the date specified in Switch CLOSEBAL, the system will pull the date from Switch CLOSEBAL.

Setup:

The Config Date is set for Switch J/E.

The Config Date is set for Switch CLOSEBAL at a later date.

The following PO was received at a date later than that set for both switches.

From the Journal Entry Detail Query window, the user can see that the G/L Date was pulled from the date populated in Switch CLOSEBAL.

If Switch J/E has a date that is more current than the date specified in Switch CLOSEBAL, the system will pull the date from Switch J/E.

Setup:

The Config Date is set for Switch J/E.

The Config Date is set for Switch CLOSEBAL at a later date.

The following PO was received later than the configuration of the switches.

From the Journal Entry Detail Query window, the user can see that the G/L Date was pulled from the date populated in Switch J/E.