Updating standard cost
Issue is we have thousands of pending changes in table ICIV0323 that need to be cleared out. I understand the interaction with CT00003 and the 3 windows controlling entries of pending, proposed, and override updates.
Part of the article is correct, in that table CT00003 can be quickly cleaned up by clicking on the Delete All button, which will confirm you want to delete all pending standard cost changes (just click yes).
Vinsight has many features to assist you in tracking your inventory levels and valuations and, more generally, in managing your accounts.
If you are on one of our subscription levels that supports product costing then below you can find some useful tips and information to ensure that your financial reporting goes smoothly.
On the other hand table ICIV0323 cannot be rapidly cleaned up.
Then set the default in caaounting tab of product: Valuation: Real Time, Automated.
Use the Stock Take feature to assess and correct any dry goods variances.
(While bulk wine inventories can be reported on at any point in the past using the ‘Vessel Contents As At Date’ Quick Report, currently there is no point-in-time reporting for dry goods inventories so it is important that you identify any variances, correct them before running your ‘Stock On Hand Valuation’ report for the end of the period.) In order to properly utilise the many reports available to you in Vinsight, it is important to understand the basis upon which they are calculated.
In this document: Before doing your ‘End of Year’ or ‘End of Period’ reporting, you should ensure that your inventory levels and valuations are up to scratch.
Here are some steps you can take to ensure this is the case: Make sure that you finalize any outstanding work orders in Vinsight to ensure that inventory levels reflect all the work that you have done to date.