This chapter provides step-by-step instructions for month-end closing. The system provides many cost-related reports to facilitate cost analysis during closing and reconciliation. The topics in this chapter include the following:

Overview
Overview of closing for both month end and period end.

Best Practices
Lists best practices and recommendations for closing.

Running Periodic Costing Before Period End
Describes how Periodic Costing generates calculation exceptions that you can view.

Preparing for Periodic Costing Period Close
Includes a series of steps to consider before you can conclude that Periodic Costing can be closed.

Using Reports and Browse Collections to Reconcile
Describes several reports to help with reconciliation.

Using Utilities to Verify and Balance Data
Describes Periodic Costing utilities designed to help you in the reconciliation process.

Calculation Exceptions
Describes Periodic Costing calculation exceptions that display at calculation end.

Troubleshooting Other Cost Issues
Describes issues, possible causes, and fixes that may arise during Periodic Costing.

Cost Month End Close
Provides steps and explanations of steps for month-end closing.