Exact Globe+

Year-end procedures Inventory

Introduction

When opening a new financial year it isvery important that the purchase invoices are matched with thereceipts. You should also check that the stock is valued with the correctvalue and quantities.

Explanation

The year-end procedures for the inventorymodule consist the following steps:

1. Reconciliation of receipts and purchase invoices, in menu path [Purchase / To be processed / Reconcile]
   
2. Valuation of fulfilments, in menu path [Inventory / Warehouse Management / Stock valuation]
   
3. Making correction counts, in menu path [Inventory / Warehouse Management / Counts]
   
4. Revaluation of stock in menu path: [System / Logistics / Revaluation]

Related documents

• Year-end procedures in Exact Globe Next
• Reconciliation of receipts and purchase invoices
• Performing stock valuations
• Making correction counts
• Stock revaluation