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Procedure documentationChanging the Valuation Method Locate this document in the navigation structure

 

If your company runs a perpetual inventory system, you may occasionally need to change the inventory valuation method for certain items.

This function lets you change the inventory method for a range of items at the same time.

Prerequisites

  • The quantity of the items whose valuation method is to be changed is zero in all warehouses.

  • Any open deliveries for the selected items have been drawn to returns or to an A/R invoice.

  • Any open returns are either based on deliveries or have been drawn to an A/R credit memo.

  • Any open goods receipts POs have been drawn to a goods return or to an A/P invoice.

  • Any open goods returns are either based on a goods receipts PO or have been drawn to an A/P credit memo.

Recommendation Recommendation

We strongly recommend that you consult with your accountant before changing the valuation method for items that have open A/P or A/R invoices.

End of the recommendation.

Procedure

  1. To open the Inventory Valuation Method Window, from the SAP Business One Main Menu, choose   Inventory   Item Management   Inventory Valuation Method  .

  2. To select the required range of items, complete the fields in the Inventory Valuation Method window and choose the OK button.

    The Update Valuation Method Window opens.

  3. To approve the change of valuation method for a particular item, in the Approval column, make sure the checkbox is selected.

    Note Note

    The Approval checkbox is selected by default.

    End of the note.

    To prevent the change of valuation method for a particular item, in the Approval column, deselect the checkbox.

  4. In the New Method column, from the dropdown list, select the required method for each item .

  5. Choose the Update button.

  6. In the system message window, choose the OK button.

More Information

See the how-to guides about working with perpetual and nonperpetual inventories. You can download these guides from the how-to guides page of SAP Business One Customer Portal at http://service.sap.com/smb/sbocustomer/howtoguides88.