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.