This chapter contains these topics:
To complete the setup tasks that define how your company valuates stock
Before you can use the Advanced Stock Valuation system, you must complete certain tasks to define information that the system uses during processing. You can customize much of this information to meet your company's business needs.
To set up the Advanced Stock Valuation system, complete the following tasks:
Set up user defined code (UDC) lists
Define valuation methods
Work with pools and items
Set up automatic accounting instructions (AAIs)
Set up company selection
| Task | Description |
|---|---|
| UDC lists | Define customized codes, such as documents types and pools, that are appropriate for your business needs. |
| Valuation methods | Define the attributes for all of the valuation methods you want to use to value your stock. |
| Pools and items | Identify all of the items associated with an item pool and assign the valuation methods you will use for each item and pool. |
| Company selection | When you extract the valuation by company, you must set up the company to use. |
| Automatic accounting instructions | Define the rules for the chart of accounts and establish how the system creates automatic entries. |