Supplier Returns
I am having trouble returning products to our supplier due the the average costing that MYOB uses. It won't allow me to have a negative cost. How do I return product at the price I was supplied?
Forum Discussion
Not sure why you mean stock is added back incorrectly at 10%? I'm not adding anything back trying to send it to the supplier. I am simply talking about returning all my stock to the supplier at the price I paid them. The average costing, due to whatever reason, now is at a lower cost than the purchase price that seems to be the issue. I followed the MYOB Help which was to raise a Bill with negative quantities, when I go to "record' I get an Error Message "Processing this purchase would leave the item with no items on hand and a non-zero value in inventory". I am unable to proceed any further. This should be a simple process. I'm not an accountant but would think that trying to tweak the cost surely affects P&L with mythical values? Besides I need the Return to reflect actual price paid to the supplier.
Hi Jessie2011 , since you are returning all the book stock, you will need to adjust the value of your stock to match the value of the return. And if I am right about the program fault I mentioned, you'll need to adjust that value to be 10% higher.
