Cost changes

How do you change the cost when new items come in at a different price but still keep track of the old items at the orginal cost? I am not finding a way to do this to give me accurate account what I have tied up in inventory.

Reply to
yhike
Loading thread data ...

Yhike,

SO Manager | File Configuration | Inventory tab | Select Average Cost usually, but check with your accountant first.

Reply to
Jeff

Reply to
yhike

If you just change the cost in Item Properties, you are overriding the weighted average with your new value. The average cost is only going to be updated through Purchase orders and transfers. Note that what you may want to do is change the Supplier Cost on the Item's Supplier tab, so that the new cost will be applied to future POs for that supplier...

Reply to
Glenn Adams [MVP - Retail Mgmt]

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.