Configuring IN Company Parameters

IN Company Parameters controls how inventory is valued, relieved, and priced when you post inventory activity.

Before you start

• Decide valuation method: average cost, FIFO, LIFO, or standard cost.
• Decide cost method for relieving inventory: average cost, last cost, or standard cost.
• Know how you price customer, job, and inventory sales.

Steps

1. Open IN Company Parameters.
2. Enable audit options and attached batch reports if you want change tracking and posted-batch attachments.
3. On the Additional Info tab, select the inventory valuation method.
4. Choose the cost method used when inventory is relieved on post.
5. Set pricing options by sale type (customer, job, or inventory sale) and pricing method (average cost, standard cost, last cost plus markup, or standard price less discount).
6. Optionally enable the warning for negative quantity on hand.
7. Save.

Notes

• Valuation and cost methods affect financial reporting—change them only with a clear go-live or accounting decision.
• The negative QOH warning can interrupt posting when stock would go below zero; enable it only if that matches your process.