Year-End
Checklist for Inventory Version 5.2x and 6.0x
1._____ Print and post all transactions, transfers and GL
adjustments journals.
2._____ Follow the steps on the Physical Inventory Checklist. in
the Conducting the Physical Inventory section if the company
conducts a physical inventory as a normal part of year-end
procedures.
3._____ Follow the steps on the Changing Inventory Prices and
Costs Checklist in the Prices and Costs section if the company
changes prices and/or costs for inventory item locations as a normal
part of year-end procedures.
4._____ Follow the steps on the Purge Selected Inventory Files
Checklist in the Purging Select Files section if the company removes
outdated information from the inventory data files as a normal part
of year-end procedures.
5._____ Backup data files.
6._____ Run the Quantity Cross Verification function to verify
the total quantity and cost information stored in the Quantity
Totals file, INQTxxx.
7._____ Print the Valuation Report.
8._____ Backup data files.
9._____ Run Year-End Maintenance to perform these tasks:
