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