Reset Year-end Totals

From the menu select Inventory Management > Physical Inventory > Reset Year-end Totals

The Reset Year-end Totals routine rolls the Inventory History, clears year-to-date sales and purchasing information, and resets fuel. It is recommended to perform a Physical Inventory Count once per year, at the same time every year, in order to maintain accurate Inventory. 

Warning Message - Read the warning message carefully! Click Yes to continue, or No to exit the routine.

Year-End Procedure Options

• Roll Inventory History - Moves the current year sales and purchases data to the prior year. To leave the prior year history unchanged, disable this option Note: If Roll Inventory History is disabled, then any activity for the current year will keep adding to the current totals. The Clear Year-to-Date Sales and Purchasing Information must remain enabled. If both prompts are disabled, the Reset Year-end Totals routine will do nothing.
• Clear Year-to-Date Sales and Purchasing Information - Resets the year-to-date sold, purchased, and received totals to zero. To leave these totals unchanged, disable this option. Note: If this option is disabled, all totals will continue to accumulate. The Roll Inventory History option must remain enabled. If both options are disabled, the Reset Year-end Totals routine will do nothing.
• Reset Inventory Parts - Reset the QOH (Quantity on Hand) of Inventory Parts to zero.
• List Name - Leave the option blank to reset all Inventory items. Enter a List Name if resetting based on a pre-saved list. Note: This is not recommended, as any Inventory not included in a List will not be reset, easily leading to unaccounted for inventory.
• Reset Fuel – If you check Reset Fuel, then all fuel Year to Date sales and cost of sales information will roll to last year's sales and then 0 out this year's fuel sales. The fuel history file (FH) will roll this year's monthly fuel info into last year's monthly info, and then 0 out this year's. If left unchecked, then the FL and FH files are not touched.

• Click the Process button to reset the year-end totals for the inventory items selected.