RE: Review Negative Inventory and GL Impact: I've been asked to perform the month end close for several months for a company, and they have enabled inventory, so part of the month end close process is to Review Negative Inventory. Well, it turns out that in month one they have negative inventory. My questions are: *If I adjust the inventory, will there be a GL impact, or does the system already consider the inventory account at zero when it dips in to negative territory? *Is it likely that I will have to keep adjusting the negative inventory each month as I go through the process?

My general advise is to not fudge with history. Fix the inventory in current period and call it good unless it crosses calendar years

Sounds good.

There's a whole doc on negative inventory in the inventory management documentation