QAD Enterprise Applications maintains at least two cost sets for each item-site pair: current, which reflects today’s cost for an item, and GL, which is used for all general ledger transactions. At the beginning of the year, many companies set current and GL costs to be equal. You can do this with Current Cost Set Move to GL Set (1.4.22).

When costs change, update and verify the change in the current costs first, then use Current Cost Set Move to GL Set to reflect the change in the GL cost set. Current Cost Set Move to GL Set is most commonly used only at regular, widely spaced intervals; usually annually.

Sales order and work-in-process are not revalued automatically. To revalue them, you must use Sales Order Cost Revaluation (7.1.12) or WIP Material Cost Revaluation (16.22). This should be done whenever standard costs change.

Moving current costs can have significant effects on the general ledger. All changes to GL costs create a GL cost adjustment, updating the value of inventory.