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Blair_38's avatar
Blair_38
Experienced User
4 months ago

Inventory value

Hi,

 

We were wondering where MYOB pulls the standard cost from?  

 

We build this product. The cost for us to build is $138.72, however, when MYOB creates the auto-build it is using the standard cost amount, which is incorrect. 

 

Thanks

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    4 months ago

    Hi Blair_38,

    Thank you so much for your post. Within AccountRight, the standard cost denotes the tax-inclusive purchase price of an inventory item. Instead of relying on the last purchase price, you have the option to establish this cost as the default for purchases. This can be manually adjusted for each purchase.
     

    If you prefer a consistent default price for items on purchases, as opposed to relying on the potentially variable last purchase price, you can enable a preference that will enforce this behavior. Please see this help article for more information about: Standard cost

    Feel free to post again, we're happy to help!
    Regards,
    Earl

    • gavin12345's avatar
      gavin12345
      Ultimate User
      4 months ago

      Hi Blair_38 

       

      For autobuilds, MYOB should be using the average cost at the time of the build, not the standard cost.

       

      Regards

      Gavin

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    4 months ago

    Hi Blair_38,

    I would like to check if you're still having this issue? If so, feel free to post again and one of us will be happy to assist you.

    Regards,
    Earl