The Period Close Reconciliation report is used to compare account balances with inventory value at period end. This report has replaced the following period close reports,
- Inventory value report
- All Inventories value report
- Transaction value historical summary report
This report will show the distribution and quantity valuations in addition to adjustments made.
When this report is run for an Open period, it becomes a simulation report and pulls data from the temp table that holds the data for the period. The data will be included for the dates the user submits as one of the parameters. The only difference between the simulation report and the actual report is that the word Simulation is included in the title of the report.
When this report is run for a Closed period, the report will show the real inventory value summary. The report will pull the data from the CST_PERIOD_CLOSE_SUMMARY table. The report will automatically summarize data for a period if it has not yet been done.
This summarization is determined by use of the profile option CST: Period Summary. There are two values for this Automatic and Manual. If the user does not want to summarize the periods as they close, the value needs to be set to Manual. The user can then run the summarization at a later date or even not at all.
Note:
If Period Close Reconciliation Report is not run then, the status of the Inventory Period will be 'closed but not summarized'. Once the Report is run, the status will be changed to 'Closed'.
---X---
No comments:
“