Standard Cost update in transactions

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Posted on by tanveerk

HI Guys.

When we started using the system , we first entered the sales invoices. We selected standard cost on the item and didn't have any purchase transactions at the moment.

As a result sales invoice posting had two entries :

Debit : Receivable/customer

Credit : Sales

Now that we updated the standard cost on the product.

How can we post the COGS and inventory out entries for the same sales invoice?

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Abdo Khoury 14,855 on at

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hello

were you able to update cost price AFTER sales order was invoiced?

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subhashis Das 579 on at

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Hi

You need to run "Post Inventory Cost to G/L" batch report .Then system will post respective transaction for COGS and inventory Account

Regards
Subhashis

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