# Difference in closing inventory at month end and fiscal year end? **URL:** \ **Category:** User Forum\ **Created:** [September 16, 2011, 7:23pm UTC](https://www.dynamicsuser.net/t/difference-in-closing-inventory-at-month-end-and-fiscal-year-end/32915 "2011-09-16T19:23:21Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![minadet](https://avatars.discourse-cdn.com/v4/letter/m/a4c791/32.png) [@minadet](https://www.dynamicsuser.net/u/minadet)\ **Post date:** [September 16, 2011, 7:23pm UTC](https://www.dynamicsuser.net/t/difference-in-closing-inventory-at-month-end-and-fiscal-year-end/32915/1 "2011-09-16T19:23:21Z")
Is closing inventory for the fiscal year any different from closing it for the month ? What steps need to be taken to close inventory for the fiscal year? ---
**Author:** ![kranthi](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@kranthi](https://www.dynamicsuser.net/u/kranthi)\ **Post date:** [September 17, 2011, 3:16pm UTC](https://www.dynamicsuser.net/t/difference-in-closing-inventory-at-month-end-and-fiscal-year-end/32915/2 "2011-09-17T15:16:03Z")
> [@](#): > > Is closing inventory for the fiscal year any different from closing it for the month ? I don’t think so. Your actual cost will not be determined until you close the inventory or you perform a recalculation. Generally companies will close the inventory monthly for better insight and control over the inventory and its value. But you need to consider the time - It may take a considerable time to close the inventory depending upon the volume of transactions. Take a backup of your data - when performing an inventory closing for such a long period. ---
**Author:** ![minadet](https://avatars.discourse-cdn.com/v4/letter/m/a4c791/32.png) [@minadet](https://www.dynamicsuser.net/u/minadet)\ **Post date:** [September 19, 2011, 4:03pm UTC](https://www.dynamicsuser.net/t/difference-in-closing-inventory-at-month-end-and-fiscal-year-end/32915/3 "2011-09-19T16:03:28Z")
Thank you for your guidance.