Understanding Layers

Layers are receipts of product that you enter into the system. You can review the historical layers for the ending inventory. You can select between domestic and dual currency modes.

You can identify and review the layers in one of two formats. The system displays the information in either detail or summary format, depending on how you define the valuation method:

• If you define the valuation method to use detail mode, each receipt is a layer.

• If you define the valuation method to use summary mode, each period is a layer.

  At year end, the layers for previous years are combined into one layer.