How do we remove Cost Period management from the GL closing cycle? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Get Started with Redwood: Oracle Cloud SCM and Purchasing

How do we remove Cost Period management from the GL closing cycle?

edited Feb 18, 2025 7:52PM in Costing 3 comments

We are no longer using Inventory. We no longer have any inventory quantities.

All of our Purchase transactions are Expense (Receipt Accounting). After closing the 'final' cost period, after adjusting out all inventory. When trying to close General Ledger, we are receiving an error that the Cost Period was not opened/closed.

We do not want to continue opening/closing unnecessary Costing Periods.

How do we remove Cost Period management from the GL closing cycle?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!