Road Map: Base Year Cost Update

Use the Base Year Cost Update (IBCU) program to update the Base year cost field in the Item Cost Maintenance (ICM) program. See Background for more information.

Before you run this program each time

You should run these programs: None required

Before you run this program the first time

You should run these programs:

  • System Options Maintenance (XM) (Inventory Control Options) to set the Update actual and average costs? option.

  • Enterprise Item Maintenance (IM) to set up items for your enterprise.

  • Branch Item Maintenance (IMB) to set up items for your branch.

  • Item Cost Maintenance (ICM) to enter item costs.

  • Receiver Maintenance (IRC) to receive items ordered on a purchase order or transfer and update the Actual cost and Average cost fields if you are using direct-to-stock receiving.

AND conditionally

Receiving and Inspection (IRI) to enter inspection results for items that require inspection or to receive purchased items to stock if you are using dock-to-stock receiving.

  • Standard Cost Rollup (MCR) to roll up costs of inventory items and update the general ledger if you have inventory interfaced to the GL.

  • Branch Maintenance (TBM) to set up branches.

  • Branch Groups Maintenance ((TGM) to set up branch groups.

  • Product Class Codes Maintenance (TPC) to set up product class codes.

  • Product Subclass Codes Maintenance (TSP) to set up product subclass codes.

  • Item Price Classes Maintenance (TIPC) to set up a category of items for reporting and for calculating sales order prices, discounts, and commissions.

  • Audit Trail Maintenance (XAT) to activate system logging of entries and changes.

After you run this program

You will most likely run these programs:

  • Item Cost Inquiry (ICQ) to display an item's costs for a branch.

  • Audit Trails (ATR) to print an audit trail report.