ISSUE: VALUATION METHOD

ISSUE:

Guidance on changing the costing method.

RESOLUTION:

It is recommended that the valuation method  be changed when there are no stock items in inventory. 

The procedure to change the valuation method for products on a site: 

(1)          Do a miscellaneous issue for all products with stock items in inventory, whose valuation method needs to be changed, PRIOR to changing the Valuation method.

(2)          Then use the ITF Import/export template to export all products or a set of products with zero stock.

(3)          Edit the exported text file by changing the Valuation method and then import the file back in.

(4)          Once the Valuation method change is reflected on the product site record, you then create a Misc. receipt for all products quantities that were issued in step one.