The Inventory calendar (8/INM) controls Inventory and Manufacturing period postings. As long as the data entered is accurate, the system will record to the current period for dates within and proceeding, or the next period for the remainder of any dates entered. Upon Inventory period closing (2/INC), the system will generate balances (period end quantity, value, averages, etc.) based upon last period balances + current period transactions @ today's current cost and cost methodology. Future period postings will be ignored in the closing process and a final report will be generated, this will be your official ME report valuation. The final closing report is closely mimicked and can be generated prior to the final close using option 21/INR. FROM A SYSTEMS STANDPOINT, there is no need to delay your next period's postings. Generally speaking, you must wait on all cost related changes relating to the future period i.e. purchased components standards. >From a business standpoint, I have worked companies that 1) Close automatically @ end of day (00:00:00) 2) Delay Postings until closed, or 3) Allow continued posting Which is truly best for your company is yours to decide based upon acceptable risk, processes and personnel. -----Original Message----- From: GGenevieve@xxxxxxxxxxxxx [mailto:GGenevieve@xxxxxxxxxxxxx] Sent: Monday, December 08, 2003 2:39 AM To: jbausers-l@xxxxxxxxxxxx Subject: [SYSTEM21] JBA - INVENTORY MANAGEMENT : PERIOD END CONTROL Hello All Assuming an end date has been setup for a given period (e.g. 30/11/03 for period 11). If after performing the Month End Update on the end date; user decides to start processing fresh transactions straightaway for the following period (period 12); will there be any drawbacks? We do not recommend this as our understanding is that the end date is used to update history records with the period associated to it in the setup. We would be glad if you could share your views on this. Regards, Guy Alain _______________________________________________ This is the System 21 Users (SYSTEM21) mailing list To post a message email: SYSTEM21@xxxxxxxxxxxx To subscribe, unsubscribe, or change list options, visit: http://lists.midrange.com/mailman/listinfo/system21 or email: SYSTEM21-request@xxxxxxxxxxxx Before posting, please take a moment to review the archives at http://archive.midrange.com/system21.