Inventory Reconciliation
Been having an issue with Inventory since last year. Have spoken to specialists at MYOB, but nothing seems to be helping the issue, just wondering if anyone else out there is having the same issues....
Forum Discussion
Thanks Gavin, the trouble with having the Income Account against the Sale amount is because we are doing a credit, basically purchasing the item back from the customer, it puts the cost of sale amount against the income account, instead of against the COGS account in the GL. I'll keep chipping away till I can work out the best way to fix it.
Hi Michelle29
Then try setting the Sales account as it was (all settings as they were for the original sale) and process as a negative sale (Quantity = -1). MYOB should take care of the rest if set correctly. I'm sure there is a support note for processing Credit Sales in the Support section.
Regards
Gavin
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