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IC234 Inventory Valuation Report

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Shawn
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Posts: 1
New Member
8/6/2009 1:13 PM
    Hello,

    This is my first posting so please bear with me.  I have a Lawson IC234 Inventory Valuation report with a costing method of FIFO. On the report there is a column titled "Current Cost as of Valuation Date".  I believe it is a calculated amount because I cannot pull any cost data into Crystal that matches the amounts on the report.  Does anyone know what fields and or calculations are being pulled/performed?  Thanks
    David Williams
    Veteran Member
    Posts: 1127
    Veteran Member
    8/6/2009 1:24 PM
      Maybe a programmer can look at the actual code but I always thought this report evaluated your current inventory value and backed out the inventory transactions (both issues and receipts) to get you to the value of your inventory for the period you selected to run it for.
      David Williams
      Adam Jacobson
      Veteran Member
      Posts: 69
      Veteran Member
      8/6/2009 1:54 PM
        You've chosen a difficult report to start with.
        Lawson indeed only keeps average cost on the ITEMLOC Record (which is really only useful for value as of this minute which helps almost no one). While I haven't dug through the code in a while, I believe that the back out method is how Lawson calculates cost for average cost customers.

        In any case, to help you, I believe ICRECEIPTS has every receipt in the system and the cost and quantity received. So, if you have the current quantity on hand (a trick in itself), you can count backwards through ICRECEIPTS getting the cost you need. This information is displayed on the cost history screen (IC53).

        Of course, you need to get the inventory as of a given date first - which is a separate issue. (which basically involves starting with the SOH and backing out ICTRANS records to get to the quantity you need. (You might think that you could do it the brute force way and just add the transactions from the begining of time - but this may not work depending on how you converted your opening balances.)

        My final advice - this is not something you really want to do with Crystal. I'm sure someone on this list has done it, but it's really better written in a program (of course, I was a programmer before I learned crystal so I'm biased).

        Good luck.
        Adam

        Adam
        jrbledsoe001
        Veteran Member
        Posts: 91
        Veteran Member
        8/6/2009 2:09 PM
          Hi,

          I always look in the Lawson technical text to get a reference for the tables behind a form. You can get a PDF version of these reports on the Lawson Knowledge base. Search for Technical text for System Code IC. If you need to know the fields in a specific table you can use the Data File Text documentation. Search for Data File test for IC.

          I hope this helps.

          Joanna Bledsoe
          joanna.bledsoe@jhsmh.org