BPCS/LX Tip of the Week: Inventory Period Balance Freeze
This new feature provides the ability to freeze period-end balances at the end of a fiscal period.
This enhancement provides clients the ability to store the opening/ending on hand balance for each Inventory period at the Item (IIM), Warehouse/Item (IWI) and Lot/Location (ILI) levels.
This information can then be used for inventory tracking and valuation purposes, as well as other ad hoc financial and audit reporting requirements.
One key benefit is that tracking the opening/ending/period balance for each inventory period can give users insights into the levels of inventory for each item, item/warehouse and item/warehouse/lot/location combination.
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