Inventory Periods

Hi Friends,

I need some information about Inventory Periods. What is Inventory Periods? What are its implications in the system? Please help.

Inventory periods were introduced in NAV 5.0. In previous versions here some problems in controlling dates of item costs in posting to G/L accounts. With inventory periods you can define periods in which valuation entries can be changed. For example you close a inventory period, no valuation change can be made in that period, so no G/L entry will be made. It’s a simple and effective way to having better control of valuation. It has common of having new G/L entries in closed periods because of item value change.