Hi bobx
Do an internet search on the difference between using a perpetual inventory system v a periodic inventory system. MYOB (if set up correctly) uses a perpetual inventory system, so COGS are calculated as each Sale is processed.
Regards
Gavin
Yes but that doesn't help me when submitting my IR10 information to Inland Revenue which requires a COGS calculation - Opening Stock + Purchases - Closing stock = cost of goods sold
It should be easy for MYOB to show this somewhere without me having to work it out manually each year
