Year-end is always a busy time and it is easy to forget things that must be done in your ERP system to close out the year properly and also set you up for a good start to the following year. Here are some things that you should make sure to add to your to-do checklist:
The year-end close process provides an opportunity to:
_____ Remove discontinued items.
_____ Remove sold purchase receipts.
_____ Remove lot attributes for sold lots.
_____ Update standard cost based on current cost field (for environments without Manufacturing only).
Prepare for Year-End Close
_____ Conduct full physical...