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Access this window using one of the following methods:
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Select Inventory Management Utilities menu > Item Valuation Change Register/Update.
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Select Inventory Management Utilities menu > Item Valuation Change Selection. In the Item Valuation Change Selection window, click the Print button.
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Select Inventory Management Utilities menu > Item Valuation Change Maintenance. In the Item Valuation Change Maintenance window, click the Print button.
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Use Item Valuation Change Register/Update to list all information entered using the Item Valuation Change Selection and Item Valuation Change Maintenance tasks and to check the accuracy of the data entered. The Item Valuation Change Register can also be accessed after using Item Valuation Change Selection or Item Valuation Change Maintenance. The report must be printed before the valuation change entries can be updated to the inventory.
Review the Item Valuation Change Register for accuracy. If there are errors, launch the Item Valuation Change Maintenance task, make the necessary corrections, print the Item Valuation Change Register, and then proceed with the update.
Warning Do not, under any circumstances, interrupt the update process.
During the update process, the following occurs:
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The average cost in the warehouse detail file is recalculated (except when there are zero or negative quantities on hand).
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Costing tiers are created or removed.
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The Purchase Order Entry file is updated with the new valuation method and average cost.
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If the valuation change results in an inventory variance, the variance is posted to the general ledger using the product line inventory and adjustment accounts.
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If Yes is selected in the Item Changes to Track field in the Inventory Management Options window, valuation method changes are updated to the item audit file.
