Average cost error
We have an item that the average cost has more than doubled. This is now showing our invoice as a large loss. I unable to edit any of the purchase order receipts and correct the costings. I ...
Forum Discussion
Hi SydLift,
Cheers for sending through the screenshot. I’ve had a look, but it’s tricky to pin down exactly why your average cost has jumped, there could be heaps of reasons. Generally, that number only comes from the total items and their overall value. Most times, a recent transaction is the culprit.
The best way to get to the bottom of it is to check the item’s transaction history and see when the average cost started climbing. Once you spot the one that’s thrown things out, you can either tweak that transaction or pop through an inventory adjustment if it can’t be changed. If you need more information regarding how that average cost came about, I recommend reading through this article: Average Cost.
Regards,
Genreve
