The Inventory Close menu allows you to close the inventory account at the end of month to allow you to undertake necessary reconciliations and recalculations if necessary.

Year: This is the year you want to close the inventory

Period: This is the period for which you want to close the inventory

Update From IC History Transactions: Allows you to select if you need to recalculate based on inventory transactions

Show Detail updates: You can check if to view detailed closure information

Recalculate ME Qty and Cost using End Balance

Update ME Qty and Cost From Inventory Balances

Show Zero Items: Allows you to choose if items with zero balances can be included in the closure report