INVENTORY PERIOD CLOSURE ERR0R

Inventory Period Closure Pending Error

Submitted By: KESAVAN.B

FocusR Consultancy and Technologies Private Limited
#Y83, 1st Floor, 4th Street, Y Block, Anna Nagar, Chennai,
Tamil Nadu - 600040, INDIA.
Phone : +91 44 4550 0999
Web site : www.focusrtech.com

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Table of Contents
Inventory Period Closure.......................................................................................................3
Unprocessed Transaction Messages......................................................................................3
Pending receiving transactions for this period..................................................................3
Unprocessed material transactions exist for this period....................................................3
Pending material transactions for this period....................................................................4
Uncosted material transactions exist for this period..........................................................4
Pending move transactions for this period........................................................................4
Pending WIP costing transactions exist in this period......................................................4

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Inventory Period Closure

 Closing the inventory period using the Inventory Accounting Periods window
automatically transfers summary transactions to the GL interface table.
 Before closing the inventory period, click on the pending button to display any
remaining pending transactions and make the appropriate resolutions.
 By keeping only one period open, you can ensure that your transactions are dated
correctly and posted to the correct accounting period
 The period close performs the following:

 Closes the open period for Oracle Inventory and Oracle Work in Process
 Creates summary or detail inventory accounting entries in the GL interface
 Creates summary or detail work in process accounting entries in the GL interface
 Calculates period-end sub-inventory balances

 Transactions appearing in the Resolution Required zone must be resolved before the
period can be closed.

Resolution Required

Unprocessed Transaction Messages

If there are unprocessed transactions, then one of the following messages appears:
Unprocessed material transactions exist for this period
 This message indicates you have unprocessed material transactions in the
MTL_MATERIAL_TRANSACTIONS_TEMP table. You are unable to close the
period with this condition. Please see your system administrator. Inventory
considers entries in this table as part of the quantity movement.
 Closing the period in this situation is not allowed because the resultant accounting
entries would have a transaction date for a closed period, and never be picked up by
the period close or general ledger transfer process

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Here Unprocessed material transaction error due to the unprocess picking on this above
sales order transaction

Uncosted material transactions exist for this period

 This message indicates you have material transactions in the
MTL_MATERIAL_TRANSACTIONS table with no accounting entries (Standard
Costing) and no accounting entries and no costs (Average Costing). You are unable to
close the period with this condition. These transactions are part of your inventory
value.
 Closing the period in this situation is not allowed because the resultant accounting
entries would have a transaction date for a closed period, and never be picked up by the
period close or general ledger transfer process.

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These material transactions are not costed or get accounted due to Interface cost manager

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Pending WIP costing transactions exist in this period

 This message indicates you have unprocessed resource and overhead accounting
transactions in the WIP_COST_TXN_INTERFACE table. You are unable to close the
13-8 Oracle Cost Management User's Guide period with this condition. These
transactions are in your work-in-process value, and awaiting further processing
 Closing the period in this situation is not allowed because the resulting accounting
entries would have a transaction date for a closed period, and never be picked up by the
period close or general ledger transfer process

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Above Pending wip Costing occurs due to unprocessed resource processing of specific
job. Here the resource transaction not get costed.

Solution:

Here Launching the Cost Manager

Resolution Recommended

Pending receiving transactions for this period

 When you use Purchasing, this message indicates you have unprocessed purchasing
transactions in the RCV_TRANSACTIONS_ INTERFACE table. These
transactions include purchase order receipts and returns for inventory. If this
condition exists, you will receive a warning but will be able to close the accounting
period. These transactions are not in your receiving value. However, after you close
the period, these transactions cannot be processed because they have a transaction
date for a closed period.
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Here we can see the transaction error due to India Tax details form due to not enabling the
confirm tax check box.
Pending move transactions for this period
This message indicates you have unprocessed shop floor move transactions in the
WIP_MOVE_TXN_INTERFACE table. If this condition exists, you will receive a
warning but will be able to close the accounting period. These transactions are not in your
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work-in-process value. However, after you close the period, these transactions cannot be
processed because they have a transaction date for a closed period.

This pending error is due to unprocessed shop floor move transactions. This following
error was caused due to transaction struck in the table because the transaction quantity
tried to process is greater than the quantity available to process on shop floor.

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Pending Shipping Transactions

 This message indicates the pending transactions on Shipping the item to the
customer from our inventory. If any transaction is unprocessed then that transaction
will be recorded as pending here.
 By opening the pending transaction, the system will generate a report called Period
Close Pending Transaction Report

Once the Program get completed successfully. click the output to view the output
Here we can see report of pending transactions Source order and other information of the
order.

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In this pending error shipping transaction is done but it does not interface to the inventory
as a result.

Solution:

Pending material transactions for this period

This message indicates you have unprocessed material transactions in the
MTL_TRANSACTIONS_INTERFACE table. If this condition exists, you will receive a
warning but will be able to close the accounting period. These transactions are not in your
inventory value. However, after you close the period, these transactions cannot be
processed because they have a transaction date for a closed period.

Inventory Period Closure Pending Errors

Allowed or Not Allowed to Period Not
Closure Allowe Allowed
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d
Errors
Not
unprocessed material transactions Allowed
Not
Uncosted material transactions Allowed
Pending move transactions for this Allowe
period d
Not
Pending WIP costing transactions Allowed
Allowe
Pending Shipping Transactions d
Allowe
Pending Receiving Transaction d

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