Product LIFO Valuation Master List Report ranges and options

Specify the year as 4 digits for which LIFO calculations should be performed. If no records for this LIFO category exist in Product Extended LIFO Valuation Setup, only a base year is created.

If you select Yes for the Update for Current Year option and a base year record already exists, the layers or liquidation records only are created.

Select Yes to update the current year. The update stores each year's LIFO valuation and includes General Ledger changes on the report. The General Ledger changes should be made before the final financial statements are printed.