| Changing Inventory
Prices and Costs for Version 5.2x and 6.0x
1.____ Backup data files.
2.____ Use the Change Prices function to change prices, if
needed.
 | Print the Item Locations List on the Master File Lists menu
for Price Information for an audit trail of prices before
the change. |
| Print the Price Report on the Reports menu for an audit
trail of prices by customer level before the price change. |
3.____ To change Base or Standard costs, use the Change Costs
function.
Before running this function:
| Print the Items Locations List on the Master File Lists
menu. Select YES for Print Location Information? and Cost
Information? and select (P)rinter as the output device to
create an audit trail of the Base and Standard Cost field
values before any changes. |
| If you use either the Base or Standard costs as an
adjustment base to calculate pricing, print the Price Report
on the Reports menu for an audit trail of prices before the
changes. |
| If you selected Standard for the Inventory option Item
Valuation Method, the value of your inventory is changed
along with the Standard Cost is changed. Perform the
following tasks for an audit trail of the manual entries
that should be made to General Ledger to reflect the change
in the inventory value:
a) Print the Valuation Report on the Reports menu before
using the Cost Changes function to create an audit trail of
standard costs before any changes.
b) After running the Cost Changes function, print the
Valuation Report again and calculate the variance between
the old and new values. Use this variance to make manual
COGS Adjustment entries in General Ledger to reflect the new
value. |
4.____ Backup data files.
5.____ Run the Quantity Cross Verification function to verify the
total quantity and cost information stored in the Quantity Totals
file, INQTxxx, with the quantity and cost detail information stored
in the Quantity Locations file, INQLxxx, and the Serial Number
Detail file, INSNxxx.
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