Inventory value

Question

Hi,

We were wondering where MYOB pulls the standard cost from?

We build this product. The cost for us to build is $138.72, however, when MYOB creates the auto-build it is using the standard cost amount, which is incorrect.

Thanks

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Earl_HD · Answer

Hi @Blair_38,

I would like to check if you're still having this issue? If so, feel free to post again and one of us will be happy to assist you.

Regards,
Earl

gavin12345 · Answer

Hi @Blair_38

For autobuilds, MYOB should be using the average cost at the time of the build, not the standard cost.

Regards

Gavin

Earl_HD · Answer

Hi @Blair_38,

Thank you so much for your post. Within AccountRight, the standard cost denotes the tax-inclusive purchase price of an inventory item. Instead of relying on the last purchase price, you have the option to establish this cost as the default for purchases. This can be manually adjusted for each purchase.

If you prefer a consistent default price for items on purchases, as opposed to relying on the potentially variable last purchase price, you can enable a preference that will enforce this behavior. Please see this help article for more information about: Standard cost

Feel free to post again, we're happy to help!
Regards,
Earl