Navigate to the Set Key Information program.

Indicate the properties and numbering method you require for your Inventory keys.

Navigate to the General Ledger Codes program.

Define the General Ledger control accounts for the Inventory module.

If you want to integrate Inventory to the General Ledger, then you require the following account codes in the General Ledger:

In addition to the control accounts, you need to define the General Ledger expense accounts for Inventory transactions for Adjustments, Cost changes, Issues, Cost modifications, Physical counts, Receipts and Warehouse transfers.

General Ledger Integration

Inventory Setup

Define the Configuration, Preferences, Financial Periods, History and User Defined Fields setup options you require for Inventory.

Use the Buyers program to define details of your buyers responsible for purchasing stock items.

Use the Planners program to define details of planners responsible for planning the manufacture of made-in stock items

Use the Cost Unit of Measure program to define conversion factors for stocked items where the unit of measure in which the item is stocked is not the same as the unit of measure in which the item is costed.

This applies if you require your inventory costs to be held in a unit of measure other than the stocking unit of measure.

Use the Warehouses program to define the warehouses in which your stock items will be held.

Use the program to define the

Use the Stock Codes program and capture the details of all your stocked items.

Use the Inventory Warehouse Maintenance for Stock Code program (accessed from the Browse on Stock Codes program) to link stock items to the warehouses in which hey are stocked.

Use the Pricing for a Stock Code, Inventory Pricing for a Price Code and Stock Code Quantity Discounts programs to define the coded prices and quantity discount breaks you want to assign to selected stock items.

If you intend selling and/or buying stock items in a foreign currency then use the Inventory Foreign Price Codes program to assign a foreign currency to selected price codes and the Inventory Foreign Purchase Prices program to assign foreign prices to selected stock items.

Use the Inventory Alternate Stock Codes program to create a link between stock codes whereby one item can be used as a substitute for another when a shortage of the primary stock item occurs.

Use the Inventory Alternate Suppliers program to assign alternate suppliers to selected stock items. This allows you to use one supplier as a substitute for another when a shortage of the stock item supplied by the primary supplier occurs.

Approved manufacturers

This facility is typically used if you source parts from numerous manufacturers and you need to specify from which manufacturer you sourced a specific part or you want to link a specific supplier with a preferred manufacturer.

Use the Inventory Initial Sales Quantity History program to capture details of quantities sold for each existing stock item over the last 12 months, as well as additional sales history information.

Use the Inventory Initial Aged Valuation program to take on each stock item's year end quantity on hand for the last five years.

Use the Inventory Document Format program to define the page layout for printing your Inventory documents for transactions created using the Inventory Movements program.

Use the Inventory Label Format program to define the page layout for printing stock code labels.

Use the Stock Take Ticket Format program to define the stationery format required for printing stock take tickets. This is only required if you intend using stock take tickets.