Period Lock out Examples

Some details on how to create the proper period preferences for your operation:

     If you have weekly inventory with no month end reporting, choose four weeks. Then you can run weekly inventories within the period. Ignore month end treatment.

     If you have a weekly period, choose one week. This will enable locking after close of weekly inventory if you choose. Ignore month end treatment.

     If you have weekly periods with end of month inventory, choose one week and break for month end treatment. This will create a short period within the week and start the next week from that date. This enables weekly and monthly reporting.

     If you have weekly periods with last period extended to month end – this extends the last weekly inventory for the month to the month end. Example: This may create a ten-day period at the end of the month followed by a four day period at the start of the next month.

     If you have monthly reporting, choose one month.

To generate periods, see Setup – Periods.