Forum Discussion

stevecoles64's avatar
stevecoles64
Contributing User
2 years ago

Average Cost vs Standard Cost for Sales Reporting

We currently use Average Cost for Inventory and Sales.   Our problem is that the Average Cost isn't the true cost - it isn't capturing all of the costs in the item. This artificially increases the ...
stevecoles64's avatar
stevecoles64
Contributing User
2 years ago

Mike_James 

 

Thanks Mike. I think that's the answer. I'll go through it with our internal accountant today.

 

Thanks for your help.