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Inventory closing and Recalculation

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#inventory

Dynamics 365 Supply Chain Management

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Oct 6, 2024

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  • Inventory closing and recalculation are crucial processes in D365 Finance & Operations to maintain accurate inventory values and ensure smooth month-end procedures.
  • To perform inventory closing, navigate to Inventory Management>Periodic Tasks>Closing and Adjustment, then select Close Inventory from the Close Procedure dropdown.
  • Enable the Run Recalculation after Closing parameter to automatically recalculate inventory values after the closing process.
  • The system generates inventory closing journals and settlement entries during the month close, updating inventory accounts and blocking inactive dimensions from valuation.
  • Inventory recalculation adjusts inventory values based on the latest costs, market values, and selected valuation method (FIFO, LIFO, Weighted Average, Standard Cost).
  • Including inventory closing and recalculation in month-end SOPs helps companies achieve efficient inventory management and prevent discrepancies.
  • Performing these tasks regularly helps update inventory accounts effectively and reflect true inventory costs based on the chosen valuation method.
  • For further discussion or inquiries, contact Plaza 365 at [email protected]

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