Beginning inventory balance, add items
Hi, we currently maintain a spreadsheet of inventory items with the ending value recorded in the assets account for inventory and matched to the spreadsheet. I want to move these items into MYOB - 1. I have managed to import all the items using a code and their description, and accounts for buy, sell and inventory. 2. My question is how do I get the quantities of the items into MYOB so that the COGS calculates? Would I need to enter in the last cost of the item into the "standard cost" box to ensure that happens? 3. Going forward, whatever the last cost of the item is would be what we would use. I understand there is a check box in preferences that I should not select to ensure this happens. Please confirm/advise how to proceed?Solved1.2KViews0likes3Comments