Cost of Sales seems out of whack

Tarmac
1 Post
Cover User
Australia

Cost of Sales seems out of whack

Hi there, we are running MYOB Accountright v 2017.1 and i have an issue with how MYOB seems to report the cost of a product when i sell it. Attached is a snippet of a Analyse Sales (item) report on one of the stock items that i seem to have an issue with. You can see that in seeling the two items MYOB says i have lost $254.50. 

 

However if i look at the standard cost of the item (see attached) MYOB shows that as $164.66, so in selling 2 of these the actual cost should be $329.32 (not $598.76).

 

Confused. ???

 

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1 REPLY
Ultimate Partner Mike_James
3,371 Posts
Ultimate Partner
New Zealand

Re: Cost of Sales seems out of whack

Hi @Tarmac, I have seen a few client files with odd figures like this, and there are some possible explanations. You will find various responses of mine on this forum. 

 

Are you able to prepare an item register detail report for this item in Excel, and attach it to your reply. The report should if possible cover the whole history of the item, as the first line can be significant.

 

If you prefer not to post that much detail online, I would be happy to receive it by email for review, then post a comment here.


Regards, Mike (mike@datawise.co.nz)
DataWise Limited (www.datawise.co.nz), developers of:
DataWise Report Writer - Custom Reporting from MYOB programs
(Including AccountRight Classic/Live, and exo Payroll)

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