IC234 - Period End Valuation
Run Period End Valuation (IC234) to valuate inventory as of a specific
date. This report is identical to the Inventory Valuation Report, except you
can run this program for a previous date to valuate inventory for a specific
time. This program lets you balance inventory valuation totals with inventory
general ledger account totals calculated when you ran IC130 (General Ledger
Interface).
Inventory Class tab: You can include or exclude inventory classes/categoriesby selecting them in the Inventory Class tab.
**Processing Effect
This program values stock-on-hand quantities based on the costing method
defined for the company in IC01.1 (Company). You can run IC233 (Inventory
Valuation) to valuate inventory based on a specified costing method (Standard,
Average, LIFO, or FIFO). Refer to the Inventory Control User Guide for costing
method calculation formulas.
You can select the inventory valued on this report by location, report
group, and general ledger category. Otherwise, inventory valuation is based
on all locations and general ledger categories. This report lists general
ledger category, location, and company summarized totals. You can optionally
include item detail and exclude items with zero stock-on-hand quantities.
Item detail includes the item number, description, unit of measure, unit cost,
intransit quantities, stock-on-hand quantity, and stock-on-hand value.
If you use the Update Date and Time option, IC234 reports the valuation
as it is actually updated to inventory.
If your general ledger posting date does not equal the update date,
you may not be able to balance to general ledger.
If you use the Transaction Date and Time option, IC234 reports the valuation
as if processed by transaction date. The quantities will be correct. However,
if your company is an average or standard cost company, your costs may not
be correct. IC234 captures your costs based on the update date, but thegeneral
ledger valuation is based on the general ledger date. If the transaction date
does not equal the general ledger date, you still might not balance to general
ledger.
| Updated Files |
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| ADDRDATA |
- No Description Available. |
| CKPOINT |
- No Description Available. |
| INVOKED Programs |
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| ICBL
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| IFLU
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| IFUP
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| IFCU
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| IFAC
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| ACAC
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| ACTA
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| API4
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| IFOB
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| IFSG
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| SLSE
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| SLSU
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File created: Thu Jun 09 11:18:07 2016
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