Forum Discussion

HethBennett's avatar
HethBennett
Experienced User
12 days ago

Inventory discrepancies

Hi all, our company uses Inventory and relies quite heavily on the records being accurate as we have one central store and several remote offices selling product which are dispatched from the single ...
  • gavin12345's avatar
    gavin12345
    9 days ago

    Hi HethBennett 

     

    Thanks for the images - these show for this transaction you used the method as outlined by MYOB in the earlier link. My concern was based on the images for PO 00003554. In this image the invoice total does not include the landed costs, so I can only assume you edited this PO to remove the reference to Land Cost. Whereas you screenshot of PO 0003714 does show the Landed Cost Item.

     

    Regards

    Gavin

HethBennett's avatar
HethBennett
Experienced User

Hi Gavin, I do a spreadsheet which includes all associated costs and then do the purchase entry in MYOB based on what those costs are. I then deduct all costs which are not for payment to the supplier. In the example below, the freight charges were part of the supplier's invoice but were a separate line item and therefore I needed to calculate the costs for each individual item to add them in. The bank charges were also added to the calculation. I then deducted only the bank charges so the amount we paid the supplier matched what they had invoiced us. We were told by our MYOB adviser that there is no way this could affect the inventory.

 

Cheers Heather

 

gavin12345's avatar
gavin12345
Ultimate User
9 days ago

Hi HethBennett 

 

Thanks for the images - these show for this transaction you used the method as outlined by MYOB in the earlier link. My concern was based on the images for PO 00003554. In this image the invoice total does not include the landed costs, so I can only assume you edited this PO to remove the reference to Land Cost. Whereas you screenshot of PO 0003714 does show the Landed Cost Item.

 

Regards

Gavin

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