Vendor change in inventory, no cost updated, what is effect upon invoicing?

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Posted on by Robin Wiebe

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I have a product assigned to Vendor X at X price. I now want to order from vendor Y. Cost of item is undetermined, cost not placed on PO. I place PO, but before I receive product in GP I sell/invoice product. Does that mean my cost is Zero so my profit is whole resale price.

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L Vail 65,271 on at

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The price that goes on the PO will be the suggested price when you post the receiving transaction. When you order from a new vendor, the current cost on the inventory card defaults on PO. The cost is determined at the time the invoice is posted. Two questions, is your inventory negative? Do you have a

Current cost on the Tim card?

Kind regards

Leslie

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