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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 (month-end / reconciliation): average cost, FIFO, LIFO, or standard cost.
  • Decide cost method (relieves inventory as entries post during the month): average cost, last cost, or standard cost.
  • Know how you price customer, job, inventory, equipment, and service sales.
  • Know whether GL interfaces should post in detail (recommended) or summary.

Valuation method vs cost method​

These are related but not the same:

SettingWhen it mattersTypical options
Valuation methodMonthly reconciliation / how inventory value is calculated for the booksAverage cost, FIFO, LIFO, standard cost
Cost methodRelieving inventory as transactions post through the monthAverage cost, last cost (for that material), standard cost

Pick both to match how the client wants to track inventory value and how they want issues/reliefs costed day to day. Changing them after go-live is an accounting decision—do not flip casually.

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. Optionally enable display warning if quantity on hand is negative (warns when activity would drive QOH below zero—for example when writing a material/PO path against inventory).
  6. Set pricing options by sale type (customer, job, inventory, equipment, service) and pricing method (commonly average cost plus markup; other methods exist depending on how the client records sales).
  7. On GL interface settings (material order / job cost interfaces), prefer Detail so the GL and subledgers keep the most detail.
  8. 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 or warn when stock would go below zero; useful in native Vista entry; less critical when a third-party integration owns ordering.
  • Detail GL interface is the recommended default for material order and job cost interfaces.