End-of-Period Checklist   End-of-Period Checklist Explanation

The end-of-period menu contains programs that should be run at the end of each inventory period.

The Item Activity Report is an optional report that prints each item’s activity for the period. The report shows the on hand quantity at the beginning of the period, receipts, production, adjustments, transfers and sales for the period and the calculated on hand quantity for the end of the period. Since the activity is removed during the End-of-Period Update, make sure you run the Item Activity Report before the End-of-Period Update. Otherwise the report is not available for the period.

The Serial/Lot number Removal Register enables you to print a register of all serial/lot numbers with a sold status that meets entered criteria. An update may be run to remove these sold records (items) from the system.

If you use ledgercards for warehouse/item combinations, you can remove them during the end-of-period process with the Item Ledgercard Removal program.

The End-of-Period Update program updates period information and resets restocking information. During this process, items are flagged.

After the update runs, you should run the Flagged Item Report to obtain a list of flagged items. Any item flagged indicates there has been a variance from normal processing (usage rates, lead times, frozen controls). This report is a tool you can use to determine what is to be done with an item—that is, whether fields (lead times, etc.) should be adjusted.

Use the Item Flag/Restocking to make these adjustments and automatically reset the item restocking amounts for items that appeared on the Flagged Item Report.