STANDARD COST FIELD IN INVENTORY.
Hi All. We are having issues with the Standard Cost field in the Inventory. MYOB say it is GST Inclusive, but we have always put the GST Exclusive price of a product in here and not had a problem c...
Forum Discussion
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
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.
