What is Closeout Date?
System Closeout Date
You can define a global closeout date that will prohibit any back-dating of manual adjustments, manual sales, purchasing documents and physicals from going past this date. It should be moved forward as you close out the month or quarter with accounting.
Note that Closeout Date can also be set as a relative date per store; when Closeout Date is set here as well as in the Store, the most recent date between the two will be honored.
New System-wide and relative Store Closeout Dates allow sites to set limits on back-dating Manual Adjustments, Manual Sales, Purchasing documents, and Physical Inventories.
Each time a user attempts to set a date on any of these actions that falls before the closeout date for the related store, they will be notified via a popup and will not be able to complete the action until they choose a date after the closeout date for that store.
Set a static date in the Options / Global screen, and a relative date (last Physical Inventory, 30 Days, etc.) per Store. Whenever the two dates conflict, the most recent date will be respected.
See the exact date that will be used per store in the Store list.
Talk to your Implementation or Support Guide for assistance in choosing the Closeout Dates that will be most beneficial for your site.
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