PD Future Price/Cost Change Setup overview

The current values of the product prices and costs, and their effective dates, from the Product Warehouse Product Setup record is displayed in the Price/Cost Details section. In this same section, you can specify the new values for the prices and costs.

If you create or update values on a product and save, those values are changed in the current record. Those values are also saved in memory and are displayed on the next record when you click New. This can speed up data entry and enables you to make the same change for a series of products. Click Reset to clear the values. If you specify a warehouse in the Search, that value defaults into the Warehouse field when you click New. If you select the Automatically Load Next Product option, the next product in the database defaults to the Search function and the Product field when you click New.

The data you specify in PD Future Price/Cost Change Setup creates a batch file of the changes. Generating 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 prices and costs, and the date 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.

If the effective date has not been reached, PD Administrator Future Price/Costs does not process the batch record. Records that are not processed remain in the batch file and can be processed when the effective date is reached.

You cannot use this function to update standard or replacement cost under these conditions:

• the Allow Changing of GL Cost option in SA Operator Setup-Controls is set to No
• the Post to G/L By option in SA Administrator Options-Products-Costs is Standard or Replacement

If you have only a few price or cost changes, you can use PD Change Price and Cost Entry, which updates Product Warehouse Product Setup records when you enter the transaction.