ContributionsMost RecentMost LikesSolutionsRe: Statements: Age according to invoice date (disregard invoice terms) Following on from Ian's question, after almost 10 years... have we made any progress here MYOB? Re: Using Item Standard Cost Hi The Doc Thanks for the response. Here is the integration that transfers data from WooCommerce to MYOB -https://woocommerce.com/products/myob-integration/ It creates sales invoices, and in my inventory all items I have ticked the buy,sell and inventory boxes. Re: Using Item Standard Cost Any ideas from the experts out there? Using Item Standard Cost Hi, Hoping to get some help as to how 'Standard Cost' needs to be setup. I run an online store with WooCommerce and use a MYOB integration to transfer data automatically from Woo to MYOB. For several reasons I want to use Standard Cost rather than Last Purchase Price to measure my COGS. One of the main reasons being that I don't purchase these products through MYOB purchase orders, another being my inventory levels aren't managed on MYOB and I have entered fictitious inventory levels for the sake of allowing automatic data entry into MYOB. Complicated I know... My problem: I have product 'X' in my inventory with a standard cost of $89.49. When I sell 1x product 'X' a debit appears for the current value divided by the quantity on hand (which is fictitous and I don't want to have an incorrect Stock on Hand account.) I have ticked the box in preferences to use standard cost. Any wisdom/other solutions appreciated.