Forum Discussion

katz's avatar
katz
Contributing Cover User
7 months ago

Inventory doesnt equal COGS -recap transactions (sales invoice)

How do I go about getting actual help from MYOB.   I have called, had multiple phone calls and discussions, only to be given a generalised message from someone who clearly doesn't have an accountin...
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Mike_James's avatar
Mike_James
Ultimate Cover User
7 months ago

Hi Katz, if only one invoice is involved,  try editing it, zero the qty for the problem product, then save the invoice. Then edit again and reinstate the qty. Then save again, and look for the journal transaction to see if the recorded COGS is correct. 

 

The recap shows the COGS that would be recorded, not the actual cogs.

  • katz's avatar
    katz
    Contributing Cover User
    7 months ago

    HI Mike James,

     

    I have multiple invoices.

     

    I will work on all of them and let you know.

     

    Thanks

    Katarina

  • katz's avatar
    katz
    Contributing Cover User
    7 months ago

    Hi Mike,

     

    Is there anyone I can speak to or can I contact you offline.

     

    I have done what you suggested to all the invoices and no change.

     

    I was wondering if I should go back to all affected invoices and allocate the item to a "cogs not inventoried account" and then do an adjust inventory to move stock in order to fix my COGS. Then I was wondering if I should shut that product down and start new ones?

     

    Any and all advice would be appreciated. Could you please contact me offline or have someone else contact me off line.

    Thanks

    Katarina

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