Inventory Business Setup gives you one online function to set up rules and controls for the whole inventory system in your organization. For example, you may need to define rules for Inventory Counts or Allocations.
Note: Only one Inventory Business Setup can be defined per Business Unit.
Each Inventory Business Setup has the ability to operate in the same or in different calendar dates and accounting periods to those set for the Financials, Purchase and Sales modules.
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The following information is defined in the Inventory Business Setup:
The ledger files to write transactions to.
The calendar dates when transactions can be processed.
Certain rules and controls in the modules.
Default information to aid operator input.

The inventory module is defined using Inventory Business Setup (IBS) which contains the following:

System Defining Periods and Dates Rules Inventory Allocation Batch/Serial Numbers.

System Tab
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Business Unit Code
The Business Unit for ledger transactions to be posted to. This allows posting to another Business Unit. If you leave this blank postings will be made to the current Business Unit.
Revision History Required
This box is checked if a revision history is required. Revision records are created when significant changes are made to an order line or header.
Currency Analysis Directory
The analyzable entity used as the default currency code on a Movement Order line, if  none is supplied by the Movement Type or entered by the user. This is always an Analysis Code. In the Analysis Directory specify where the code is held, for example, on the Order by Address. This field cannot be left blank if the Transaction Currency field has been activated in the Business Unit Setup.
Transaction Analysis Dimension
This identifies which of the ten possible analysis dimensions attached to the above analyzable entity holds the currency code. This means that by holding a currency code as an analysis dimension against an address, for example, the correct currency is automatically selected whenever that address is used. If you leave these entries blank, or the code is blank, the Base Currency is used instead.
Batch or Online Posting
If you are serialized to use SunSystems Financials, this field Indicates whether posting is carried out online (after posting requested) or by batch (when requested by Financials).
Note: Online posting from the Inventory module to Financials is not recommended. If Inventory transfers are specified on a Sales or Purchase Type stage and the Movement Type specified has a Ledger Interface Setup Code on the entry stage, one journal is created for each Sales or Purchase transaction line (for a goods item) processed through that stage. Similarly, if ad hoc movements are created for GRN Receipts, one journal is created for each GRN line with an ad hoc movement, if the Movement Type used has a Ledger Interface Setup Code on the entry stage.
Error Suspense Account Value 1-3
Indicates the Error Suspense Account to be used to correct imbalances for each value. Used when posting is selected.
Whole Orders Only
If this box is checked only whole orders can be processed in the Picking and Dispatch processes.
Whole Line Only
If this box is checked only whole lines can be processed in the Picking and Dispatch processes.
Enforce Qty Control at Process
If Whole Orders Only or Whole Line Only have been selected, you must specify the Movements stage when this will be checked. Options are:

Inventory Allocation Picking Dispatch Not Applicable.

Current Period
The current accounting period to be used for the Inventory module. This can also be amended using the Change Period (CP) function.
Defining Periods and Dates
If you wish to restrict the entry period or date on Movement transactions you can use the following fields to define specific ranges of periods and dates. Transactions can then only be entered within these ranges. These are referred to as the Open Ranges.
Leave these fields blank if you do not wish to set these restrictions.
Note: Once these have been set, they are only updated by amending these fields in the Inventory Business Setup.
Period Open From
The first period in the range.
Period Open To
The last period in the range.
Date Open From
The first date in the range.
Date Open To
The last date in the range.
Instead of defining specific dates or periods which then have to be maintained, you can ask the system to calculate the Open Ranges relative to the current date or period. To do this enter a positive or negative number in the following fields. For example, if the Open Period From Relative field is set to -3 and the Open Period To Relative field is set to +3, the Open Range is calculated as starting three periods before the current period and ending three periods after the current period. That is, a total of seven periods.
Open Period From Relative
Used to calculate the first period in the range.
Open Period To Relative
Used to calculate the last period in the range.
Open Date From Relative
Used to calculate the first date in the range.
Open Date To Relative
Used to calculate the last date in the range.