Changing the Item Category or Account Set

We do not recommend that you change the item category or account set assigned to an item record to which you have posted transactions.

If you change the item category:

• The default choices for the new item category will replace existing choices in the item record, although you can edit the item record to change the new selections.

• You may need to correct statistics for the affected item categories.

• The new category may not distribute COGS (cost of goods sold) and cost variance to the same general ledger accounts as the old category, invalidating statistical comparisons among reporting periods.

If you are changing the item's account set:

• You may need to transfer the asset amount in the inventory control account balances to a new control account in the General Ledger after updating the item record with the new account set code; otherwise, you may have old balances that are never reconciled.

• The new account set may use a different costing method, and all subsequent transactions posted for the item number will be posted to the set of general ledger accounts linked to the new account set code.

• Inventory Control will display an error message if you attempt to change account sets for an item while there are posted transactions for the item for which Day End Processing has not been run.