Reopen a Closed Period

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

Important:

If you reopen a closed period to process a transaction, a cost recalculation can be triggered. You should not close the period until the cost recalculation is complete.

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

Best Practices

• Avoid backdating transactions.

• Do not close an accounting period unless you are certain that the cost recalculation is complete. This includes the standard month-end closing.

  For more information, see Reopening a Closed Period.

To learn more, see

Related Topics

• Underwater Sales
• Not Entering a Purchase Price
• Backdate Transactions to a Closed Period
• Custom Scripts
• FIFO/LIFO Costing on the Inventory Adjustment Worksheet
• Revalue Standard Cost Inventory and Backdate
• Stand Alone Credit Memo
• Backdate Item Distribution
• Troubleshoot Inventory Costing

General Notices