Inventory Quantities, Costs & Day End Processing
The Sage 300cloud (Accpac) inventory system provides your inventory managers and users with live, real-time item quantities. But equally important, it provides your accounting department with accurate inventory balances and proper GAAP based costs. It’s important however, to understand the behavior of inventory costs in a batch-based accounting system such as Sage 300cloud (Accpac). So in this tutorial, we demonstrate the real-time behavior of quantities in the inventory system and importantly, how the Day End Process affects valuations in inventory and the general ledger.