Update the accounting date perio

Yes. 

Is this also the last period in this accounting year? If yes, then you will need to delete the other accounting periods and re-add the year end period.

Something like this. I have used year 2028 as an example. 

hello ​@piswpl 

Actually no, but we will monthly know what would be the last day per month, we only got informed for the current month actually.

Additional question, what’s the way to fill the “inventory value per period” screen for the current period? today, it shows no value. Is that a scheduled task to run?

Then you just need to adjust the dates starting from the year-end period.

You need to run the Aggregate Inventory Transactions per period.

However:

1. It does more things in the system than just aggregating the inventory values, especially calculating and posting manufacturing variances and inventory statistics.
2. You cannot undo it. Let me repeat - you will not be able to undo it or delete its results. Nobody will be able to do this without deleting the records in the database which in most cases in IFS Cloud is IFS only.
3. It also blocks changing the applied date for inventory transactions if needed.

What I am basically saying is understanding inventory aggregation requires a bit more and here at BT we’re happy to help with proper consultations if you need.

​@piswpl Thanks for your help.

We found the screen that you mentionned, is that normal that both the year and period are both disabled? 

Yes, it is normal. I guess these fields are active only in certain countries using IFS. The standard procedure is to use a date.

Bear in mind if you have never run it and you’re running it for the first time, it will calculate the aggregated values for every month separately since you have started using IFS - which make take a while to complete.

One more comment: if you run it for the day which is the first day of new month then you will not be able to change the date applied for inventory transactions back to the previous month as you already have the statistics for the complete month. Simply speaking the whole month is then closed for the inventory transactions and you will not be able to reverse it.