Year End Inventory Close issue

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Posted on by Erica Webb

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Hi All

I am trying to close the 2012 calendar year for inventory however when I read the Inventory year-end closing procedures I saw that no new transactions (ie transactions for 2013) should have been posted for inventory. I know there were some 2013 transactions posted. My dilemma is when I close the 2012 year, the transactions for 2013 will be zeroed out. How can I fix this so the 2013 transactions will not be zeroed out or if they are, how I can enter the 2013 transactions without duplication of amounts on the GL side.

Any help will be greatly appreciated.

Erica

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L Vail 65,271 on at

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Hi Erica,

You'll not like this answer, but it's the only one I could think of, and it does work. The answer is you need to manually adjust the totals using a 'backend' tool, like SQL. You will need to change at least the IV30101 and IV00102 tables. Running reconcile won't fix it, and it won't break your manual 'adjustments' either.

Kind regards,

Leslie

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