Share
Report
79Hi,
I seem to be having an issue with it cost of items, I may not be understanding this correctly, so if anyone could offer up some advice I would be extremely grateful.
I have assumed that when FIFO is selected on an item, then if 10 are bought at £10, then another 10 are bought at £20, would BC not have a cost price of £10, then once the first 10 units are sold it would know to increase the cost price to £20?
The specific issue I have is someone entered the wrong cost price onto a purchase order and posted it, we then had to create a credit memo to wipe out this purchase invoice, then re-invoice it again, but since then the incorrect cost price has been showing, and because of this we are unable to use the price/profit calculation on the item card, we have to manually set the price for any of these affected items, as if we set 40% mark up, then BC is calculating this off an incorrect cost price, so creating an incorrect sales price, then if we use the sale price list on a customer discount group this is also affected.
This is a screenshot of the item in question, you can clearly see our cost price is £1.89, however, BC is using the since credited purchase invoice, where I think £9 or so was entered incorrectly, to generate a value of £3.14471.
Is there a way to sort this out so the cost price will show £1.89?
Thanks in advance,
Gareth
Categories:
All responses (
Answers (
