The WorkPlace Inventory Management solution contains a detailed Inventory Ledger with detailed cost layers that are updated based on item valuation methods setup within Item Maintenance. With the appropriate assigned security, users are able to update the cost for previously processed inventory adjustments of quantity tracked items and record the reason for the adjustment for reporting purposes. Existing Cost Layer Adjustment sessions can be edited by selecting them from the Outstanding Transactions heading on the WorkPlace Dashboard. Open Cost Layer Adjustment Session(s) are those that have already been created but have not yet been processed. Valid Item and Location combinations can only be loaded into a single open Cost Layer Adjustment session at a time.
New
Clear
Allows the user to delete the session if it has not been processed.
Process
Processing a Cost Layer Adjustment transaction will update the Inventory Ledger entries with the adjusted costs and create the corresponding General Journal entries. The Stock Current Cost will be updated in Item Maintenance for any items setup with the Average valuation method based on the recalculated average cost using the Cost Layer Adjustment.
A system generated sequential tracking number assigned to all Cost Layer Adjustment sessions as defined on the Inventory tab in System Settings.
System generated date identifying when the Release Request was created.
Name of the user who is logged in and creating the Release Request, they are the 'owner' of the session.
Enter a comment that summarizes the reason for the cost layer adjustment and will be recorded within the system for audit purposes.
Defaults to current date, may be changed if needed.
Defaults to the Document Date and may be changed if needed.
The following fields are available for selection to create a new Cost Layer Adjustment and populate the session lines. Once the Load button has been clicked, these fields will not be displayed.
This field is available when Intercompany is registered to type in or select the company that owns the inventory.
Type in or select the quantity-tracked inventory item for the cost layer adjustment.
Type in or select a valid inventory location for the selected item.
Click the Load button to populate the session lines with all Inventory Journal entries for the Item and Location selected.
System generated sequential number assigned to each line.
Displays the Organization for source document.
Displays the WorkPlace document number for the original inventory adjustment and associated source document if applicable.
Displays the adjustment type for the Source Document.
Displays the date of the Source Document.
Displays the quantity tracked item that is being adjusted.
Displays the inventory location for the selected item adjustment.
Displays the quantity from the source document line converted to the base Unit of Measure for the Item that will be cost adjusted.
Displays the base unit of measure (UOM Base) for the item as setup in Item Maintenance.
The calculated cost for source document line will be displayed upon load and can be edited by the user for the cost adjustment.