Perform Day End Processing

Run day-end processing as part of your daily routine, to keep your Inventory Control audit trail and reports up to date. You can run day-end processing as many times a day as you want.

What does Day-End Processing do?

Day-End Processing performs several tasks depending on the processing options that you select on the Inventory Control Options form.

Day End Processing:

• Optionally updates costing data from all transactions. (You can choose to update costing information during transaction posting.)

• Optionally produces general ledger journal entries from the transactions that were posted during the day. (You can choose to create G/L entries at the same time as you cost items, or you can use the Create G/L Batch form to create G/L transactions.)

• Optionally produces other subledger journal entries from the transactions that were posted during the day. (If you cost items during posting, you can also choose to create subledger entries at the same time.)

• Always updates item statistics and transaction history for I/C, O/E and P/O (if you have them).

• Creates the posting journals for each type of transaction posted.

• Deletes completed transaction detail if you do not keep transaction history

• Activates and posts future sales orders and purchase orders that have reached their order date, and updating quantities on sales order and on purchase order.

• Removes quotes and purchase requisitions with expiration dates up to and including the session date for day-end processing.

• Updates sales commissions.

• Post all the transactions that you want to be processed by Day End Processing.

Note: Any transactions you post while Day End Processing is running will not be processed if processing has already been completed for the transaction type.

To be sure of processing all the day's transactions, post them before starting Day End Processing. Inventory Control processes receipts first, followed in order by adjustments, transfers, assemblies, and shipments.

• Allow enough time to run Day End Processing.

The time it takes to complete day-end processing varies according to your computer and the number of transactions you entered since the last time you ran Day End Processing.

We recommend that you run Day End Processing when you do not need to use your computer for other tasks. You might find it best to run it overnight.

• Print the Item Valuation Report and compare it to the report that you printed earlier.

• Print the Adjustment Posting Journal to check the actual posted adjustments.

Results of day-end processing

Journal entries generated by day-end processing

Periodic processing

Posting journals