Hi,
Can someone explain that what does this "Pre-closing" do in Inventory closing?
What is it for? What is the impact if we run this?
*This post is locked for comments
Thank you for the explanation.
I understand now.
Hi Ludwig,
Thank you so much for the info.
Pre-closing will close these so called 'non-financial transfers', so that the Inventory close procedure can ignore them. This is a good thing; you should run Pre-closing before running Inventory close.
Non-financial transfers are inventory transactions which have no effect on costing, such as an inventory move between two locations in the same warehouse.
Hello Dexin,
Here is a whitepaper on that: www.microsoft.com/.../details.aspx that explains things.
Best regards,
Ludwig
What does it means by "Active closing of non-financial transfer" and whole transfer journal transaction is ignored ?
Any scenario and example that can provide for better understanding?
What is the different between running the inventory closing and pre-closing?
As what i understand, after we run the inventory closing. system will recalculate and actual cost and doing the posting cost adjustment accordingly and once the inventory is closed, basically we cannot post any inventory transaction into that particular period.
Is the pre-closing doing the same thing?
Hi!
Pre-closing action replaced 'Activate closing of non-financial transfer' option in previous versions.
Those option mean that whole transfer journal transaction is ignored for any calculation.
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Abhilash Warrier as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
Community Member 4
Guy Terry 2 Moderator
Nayyar Siddiqi 2
