About Close Project

Updated by Cheryl Wallace

Close Project is used at the termination of a project to remove (retire) all inventory at the selected stocking location. This is not used when inventory has been issued (checked out) to a project set up as a non-stocking location entity.

Disambiguation: This topic is about projects set up as stocking locations that own inventory. See this article for information on projects set up as non-stocking locations to which inventory is issued.

Inventory adjustments with the specified Retired Status are created for all items with quantity on hand. All issued items are returned with the specified transaction type and return status.

This page consists of the following fields:

Use Current Date & Time?

Checked by default to use the current date and time for the reading. Uncheck to manually select a different Date and Time.

Location Name

Select the stocking location to be closed.

Retired Status

Select the inventory status for the serialized items. Only retired status types will be displayed.

Return Transaction Type

Select the transaction type for return of issued items.

Return Status

Selected the return status for issued items. Only retired status statuses will be displayed.

Reason

Enter the reason for the project closure.

Charge Replacement Cost?

Check this box if you want to charge the replacement cost to a location. Visible only when the Transfer Rental module is in use and inventory has been on rent to this project.

Billing Date

If Charge Replacement Cost is selected, specify a billing date to be used when generating the transfer billing charges.

Print after saving?

Select this box to print the inventory adjustment report when the adjustments are processed.

Related Reports
Inventory Adjustments

See also:

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