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Wednesday, May 11, 2011

How does one close the Inventory period for a period status of "Closed not Summarized"?

The Period Close Reconciliation Report does not currently have any identified performance issues. In release 11.5.10 we have actually moved the entire period summarization logic to this report to allow users to run the process separately (or not at all, if they do not use our summarization feature).
That is why this report is taking a long time, whereas previously the close process itself was taking this amount of time.

Yes, it is possible to run the program independently. You can run the Period Close Reconciliation Report at any time just like a normal report. As you have stated, if it is run on a "Closed not Summarized" period, it will
summarize and the status will go to "Closed" after the report completes.

If it is run on a "Closed" period, it will simply pick up the summary information previously calculated. If it is run on an open period, it will run through a simulation of the summarization (can detect any potential
errors before closing for real).

Please note that a "Closed not Summarized" period is treated by Inventory in exactly the same way as a "Closed" period (transaction entry not allowed). In addition, the accounting would have already been transferred to GL in both cases. The only thing different has to do with the availability of summary
information. This information can be queried through the Accounting Periods
form or through the Period Close Reconciliation Report.


NAVIGATION

1. Responsibility: Cost Management
2. Goto View > Requests > Submit New Request > Single Program
3. Enter Period Close Reconciliation Report.
4. Enter the parameters and submit.

Thanks & Regards,
S.Grace Paul Regan

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