Item Costs and Valuation Methods: Configuration Prerequisites

Before you start selling or purchasing stock items, you should be sure that the needed features have been enabled, settings have been specified, and entities have been created, as described in the following sections.

Enabling the Needed Features

On the Enable/Disable Features (CS100000) form, the following features must be enabled:

• Inventory and Order Management, which provides the standard functionality of inventory and order management
• Inventory, which gives you the ability to maintain stock items by using forms related to the inventory functionality and to create and process sales and purchase documents that include stock items
• Lot and Serial Tracking if you need to give users the ability to track costs for stock items that have lot or serial numbers and that are assigned the Specific valuation method

Configuring the System

You need to make sure that the following tasks have been performed in MYOB Acumatica before you start to sell or purchase stock items:

• On the Inventory Preferences (IN101000) form, all required preferences have been configured. For details, see Configuration of Order Management: Implementation Activity.
• On the Warehouses (IN204000) form, the needed warehouses have been created.
• On the Stock Items (IN202500) form, the stock items have been created.