mibuso.com

Hello everybody,

We are currently using 4.3 and we are facing some issues about the new inventory period functionality in 5.1 during the testing phase.

1. What is the target of Inventory Period Closing ?

Is it just to keep Inventory Valuation Reports and General Ledger in line ?
If we don´t close periods and do not use the Standard Inventory Reports , would
something turn wrong ?

2. Period Closed and Cancel Shipment/Cancel Receipt

As far as we know it is not possible to Cancel a Shipment that has been
posted in a closed inventory period. The period must be reopen.

What about the valuation of the new value entries of that cancellation ?
Is it posible to post those value entries in the current GL period ?

so....
If anybody has dealed with these issues bei switchung to 5.1 or if somebody knows about
a good documentation of Inventory Valuation , please let us know ....

We probably find the solution by investigating in Customer Source.

If you don´t close inventory periods , Navision will post value entries for closed GL periods
with posting date = Posting allowed from (GL Setup)

Just make sure your accounting department changes the Allow Posting From, then you wouldn't need to bother with inventory closing.

Alex,
I don't think that is correct. My understanding is that Open Item Ledger entries from an already closed accounting period (not the Inventory period) will still be used to apply to. However if you use the Inventory Periods, it will make sure that those entries cannot be applied to but only entries in an open Inventory period.

From the Inventory Costing manual:

When you close an inventory period, no value changes can be posted within the
closed period. This includes new value postings, expected or invoiced postings,
changes to existing values, and cost adjustments. You can, however, still apply to
an open item ledger entry that falls within the closed period.

To make sure that all transaction entries in a closed period are final, these two
conditions must be met before an inventory period can close:
All outbound item ledger entries in the period must be closed (no
negative inventory).
All costs in the period must be adjusted.
In addition, it is recommended that all costs within the period are posted to G/L.
...

NOTE: If a closed period contains open item ledger entries that relate to
inbound quantities that have not yet been applied to outbound transactions, you
can still apply outbound quantities to these entries despite the period being
closed.