Michael,
When you change standard costs, it is best to do it as part of the month end closing.
You need to run the inventory evaluation report under the old cost, change the cost then rerun the inventory evaluation.
Then enter a manual inventory change to the GL inventory account.
If you have more than one inventory GL account, this process needs to be done for each GL grouping.
No inventory transactions should be processed during this procedure!
If you need the details to this process, send an email directly to me.
Art Shaffer, CPIM
----- Original Message ----
From: Michael Perna <MPerna@xxxxxxxxxxxx>
To: bpcs-l@xxxxxxxxxxxx
Sent: Wednesday, August 19, 2009 2:36:01 PM
Subject: [BPCS-L] Inventory revaluation in BPCS
Running BPCS 4.3
Issue:
We are posting inventory transactions to the G/L and there are times
when the inventory is off. We've discovered it has to do with the
changing of standard costs.
When a user changes the standard cost via CST100, an ITH record is
written with a # type and quantity is zero. When posting IN
transactions to the G/L it bypasses all records with a quantity of zero.
How does BPCS ever revalue inventory? Also, when the standard cost is
generated via CST600, the #record is not written. If the standards for
components are changed and the cost gen is run, how does the finished
good inventory get revalued?
Thank you all.
Michael Perna
Business Systems Analyst - Finance
t. 310.832.8000 | f. 310.519.2605
P.O. Box 1950 | San Pedro, CA 90733 | USA, Earth
contessa.com <
http://www.contessa.com/>
midrange.com
