IN Monthly Reconciliation

IN Monthly Reconciliation aligns inventory value with the general ledger after the month’s inventory transactions are posted. It uses on-hand counts and the valuation method from company parameters.

Before you start

• All inventory transactions for the month are posted.
• Valuation method is set in IN Company Parameters.

Steps

1. Confirm the month’s inventory batches are posted.
2. Open IN Monthly Reconciliation.
3. Review the inventory balance from on-hand counts and the configured valuation method.
4. If the balance needs to align with the GL, use Update to create an adjustment batch.
5. Post the adjustment batch to complete the reconciliation.

Notes

• Run this only after the month’s activity is complete—late posts will throw the reconciliation off.