Understanding inventory valuation

Running the Data Verification Toolset programs does not affect your general ledger. Specifically, the programs do not change the stock on hand value in the Item Location file. The two inventory valuation reports look at the stock-on-hand quantity at the item location. The two reports are:

• Inventory Valuation (IC233)

• Period End Valuation (IC234)

These are the reports that you would use to balance your inventory to your general ledger. After the Data Verification Toolset process is complete, Lawson recommends that you do a complete physical inventory. Performing a physical inventory The physical inventory creates the necessary Inventory Transaction records based on inventory variances, to correctly update the general ledger when you run General Ledger Interface (IC130).