Future price and cost updates

Generating the PD Administrator Future Price/Costs Report on or after the effective date of a product’s price and cost change initiates the updates contained in the PD Future Price/Cost Change Setup batch file. You can set up a batch file months in advance and update inventory records with a single batch process. The Product Warehouse Product Setup price and cost fields, and as the date recorded for the last change made to standard and replacement cost, are updated according to the batch file.

If a change to inventory valuation is made, a journal opens to post the changes to the General Ledger. Updates to standard or replacement cost are not made if these conditions are met:

• Yes is selected in the Allow Changing of GL Costs field in SA Operator Setup-Controls
• Standard or Replacement is selected in the Post to G/L By field in SA Administrator Options-Products-Costs

The PD Administrator Future Price/Costs Report provides a report that serves as an audit trail of the prices and costs that were changed.