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Monthly Inventory Close in Microsoft Dynamics AX 2012

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Ax 2012  Monthly Inventory Close in Microsoft Dynamics AX 2012 If you've ever asked yourself this question you are not alone.  Although Dynamics AX offers some great tools in helping you close out inventory every month many people do not even know they are there. Inventory closing is necessary for your business to calculate the correct costs prices of inventory, so it is critical to make sure we run inventory close correctly to ensure accurate results.  In this post we are going to go through the steps associated with completing a successful inventory close.   Steps to perform a monthly inventory close: 1.        Navigate to Inventory and Warehouse management > Periodic > Closing and Adjustment 2.        In upper right hand corner click on ‘Close Procedure’ button.  And perform steps 3-5. 3.        Click ‘1. Check open quantities’: · ...