STANDARD COST FIELD IN INVENTORY.

Thanks Sai.  We have been using MYOB since inception, so the perception of recent to us could be a long time to yourself. :)

I have reached out and the reply was "The standard cost has always worked this way and won't be changed.
Your options are either use standard cost with this being a GST inclusive price or the last purchase price which will use the last cost used on a purchase for said item.
These are the only 2 options the program offers."

A most unsatisfactory answer.

I asked other team members who have returned from a long time off and they said they had never had this issue before.

To make it worse, this field is not identified as GST or ExGST on the screen.

Hi SoFrustrated,

There haven't been any recent changes that we're aware of to how MYOB handles this field. Check if there's any updates or changes in tax codes used in POs vs. bills that might be affecting the calculation.

If the issue still happening, reach out to our live chat support through our virtual assistant MOCA or submit a case via MyAccount so they can further investigate and help you in fixing it.

Regards,

Sai

It is so frustrating that the standard cost is GST inclusive.  We do not have a single supplier that has GST inclusive prices on their price list.

The online version of MYOB even has the GST inc/ex check box, but its greyed out and cannot be used.

Hi Gmac2016,

We hear you – this product limitation is a bit of a downer for your workflow. The inventory standard cost is intentionally designed to work as a tax-inclusive price. Sure, you can manually adjust the standard cost with each purchase, but by default, it treats it as tax-inclusive. I came across a post that might shed some more light on how the standard cost works. 

If you reckon this feature tweaks might ease things up for your business, feel free to toss it up on our Ideas board to forward it to our product team for future updates. 

Cheers,

Princess