Year End Closing

Implementation Updated by Implementation

What is Year End Closing?

Year End Closing is a procedure undertaken at the end of the year to forward inventory from the previous year, carry forward closing stock from the previous year, for the upcoming year. Year-end closing is part of a company's closing operations, and is used to create a company's stock reports.

Overview

In Zenscale ERP Year End Closing is fetching entire closing stock at the end of the year to forward inventory from the previous year, carry forward closing stock from the previous year, for the upcoming year. Year-end closing is part of a company's closing operations, and is used to create a company's stock reports.

Steps to be performed for Year End Closing

1.Go to Material Management.

2. Click on Inventory.

3. Next, click on year end closing.

4. Click on Bought Forward and you can see system will start fetching stock.

5. In stock report you can see stock forwarded to next financial year.

How did we do?

Vendor Wise Material Price

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