Setting up Inventory Cost Types

  1. Select Inventory Cost Types (ICT) from SunSystems to access the Inventory Cost Types form
  2. Specify this information:
    Inventory Cost Type Code
    Identifying code for the Inventory Cost Type. For example, Delivery or Customs Duty.
    Description
    The description.
    Short Heading
    The short heading.
    Lookup Code
    The lookup code.
    Movement Cost
    If this box is checked the cost type is used to update receipt and issue costs. This field and the Inventory Cost field cannot both be set to Yes on the same cost type. You can have several cost types set as Movement Costs, and at least one should be set as such.
    Inventory Cost
    If this box is checked the cost type is used to update total inventory costs. This field and the Movement Cost field cannot both be set to Yes on the same cost type. You can only set one cost type as Inventory Cost.
    Note: You do not have to specify Movement or Inventory Cost for a cost type.
  3. Save your changes.