1. SCM (Supply Chain Management)
  2. Item Record Management
  3. Item Costing
  4. Troubleshoot Inventory Costing
  5. Reopen a Closed Period

Reopen a Closed Period

If you reopen a closed period to process a backdated transaction, leave the period open until the inventory cost recalculation completes.

Important:

If you reopen a closed period to process a transaction, you can trigger a cost recalculation. You shouldn't close the period until the cost recalculation is complete.

Closing the period before the inventory cost recalculation completes causes errors and unpredictable results. NetSuite doesn't process a transaction with a date in a closed period. If you try to backdate a transaction, NetSuite displays a warning message.

Best Practices

  • Avoid backdating transactions.

  • Don't close an accounting period until the cost recalculation is complete. This includes the standard month-end closing.

    For more information, see Reopening a Closed Period.

Related Topics

General Notices