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1. What does fully settled mean here?
2. What a maximum deviation mean here?
3. Does this closing means to close Inventory received and invoiced by Vendors? or sold to customers?
4. Where can I find the manual for all this inventory closing thing?
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The process settles issue and receipt transactions depending upon the costing method. So you buy and receive for $1 and sell it, it has a cost of $1, you then process the invoice for $1.10 so the cost of sale is wrong, and this process corrects that.
The deviation is in the check open quantities - this is where you want to be aware of an invoice deviation from the expected cost, so your receipt was $1 and invoice $1,10 and your accepted deviation is 5% so it would show, if you allow 20% it would not.
Fully settled is the impact of matching.
As the user states the inventory costing manual is your reference, but you need to be a partner to see it I believe as it was not written by Microsoft.
The chapter 5 of inventory costing should help you. (CIV manual)
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