Open Inventory and Purchasing Accounting Periods

This step involves the following tasks.

• Open Inventory accounting period. This task needs to be performed for each inventory organization:

Responsibility: Inventory

Navigation: Accounting Close Cycle --> Inventory Accounting Periods

• Open Purchasing accounting period. This task needs to be performed for each ledger:

Responsibility: Purchasing

Navigation: Setup --> Financials --> Accounting --> Control Purchasing Periods