Microsoft Dynamics Axapta Technical,Functional Coverage

After closing, it is no longer possible to post inventory transactions in the closed period. Inventory closing and adjustment can be done from the Closing and Adjustment form, which you access by selecting Inventory Management ➤Periodic ➤ Closing and Adjustment. Several functions are available from the Closing and Adjustment form:• Close: The closing procedure is used to match issues and receipts in prior periods to determine the true value of inventory on hand by using the appropriate inventory model to adjust the cost prices on any issue transactions. Generally, companies will perform this process once a year. • Recalculation: This process simulates the closing procedure described previously to determine item costs without actually closing the said period. Companies that need a very accurate look at their inventory value may run this process many times throughout the year. • Adjustment: Use the Adjustment button to adjust the inventory value of inventory on hand or inventor...