Overview:

Stock Month End is a manual process in IQ; to move stock transactions from the current stock transactional table to the history stock transactional table.

Why:

Why do I need to perform a stock month end?

Answer:

Performing regular stock month ends can improve transactional speed in the processing modules, but its main purpose is to accommodate the deletion of redundant stock codes as part of maintaining the stock file. 

Question:

How long does it take?

Answer:

If you have never done it before, it will take longer, so we do recommend performing this during non-trading hours. 

We recommend that you perform the function at least as a start every quarter as a beginning, but if at all possible to perform it at at least once per month.

Steps below:

Start by confirming that all users are logged out of IQ.

Navigate to Utilities -> Showed logged on Terminals.

Alternatively contact your IT team or IQ Advisor to assist with logging all the users off the server.

Important [!]

We do recommend, that you perform a backup before proceeding as unforeseen events such as a.) Eskom rolling blackouts, b.) hardware issues, c.) network connectivity or an d.) act of God can interrupt this process and may lead to data corruption. 

To utilize the IQ Backup Data function, click on Utilities -> Backup Data.

We do recommend that you look into alternative backup solutions such as Acronis or IQ Irontree. 

If you would like to know more you are welcome to contact us for advice or alternatively contact your IT provider.

To proceed with the stock month.

Navigate to Stock -> Utilities -> Month End.

Confirm that all steps have been followed as below by clicking on the selection boxes next to each item. 

To proceed click on the Proceed button. 

The stock month end will be preformed.

Once completed the dialog box will close like below and take you back to the IQ main screen.