Inventory Control Month-End Processing

Month-end date:________________________

Transaction cut-off date:_______________________

Responsible person:_____________________

Date reconciled:_____________________________

Confirm the Processing Date is set for the month you are closing.

Confirm the Processing Date is set for the closing month.


Confirm the following daily processes are completed:

  • PO Pack List and Invoice Receiving for the month is complete

  • Inventory Update – Confirm all Inventory transactions have been updated to both Inventory and General Ledger. Inventory >Data Entry>Inventory Update

Print and Retain Reports

  • Items on Hand Valuation – This is a date sensitive report and should be run monthly.

  • Items Activity Report – This report should be run at the end of the year before clearing the Year-to-date totals per the process below.

Clear Month to Date

  • Period End | Month/Year End Processing – Check the Month-to-date selection under Period Type. The Period End Clear resets month-to-date and year-to-date totals in the Inventory Items – Financial page.


    At the end of the year, do a Year-to-date clear which will also clear out the month-to-date totals.

Change Processing Dates

  • Change the processing dates to reflect the new period using Processing Date