Forum Discussion
Hi,
I have found the same major inventory valuation issues.
I have had inventory items appear that have negative values dating back to 2015. These are new and unexplainable.
I spent a hour on the phone to a MYOB stock "expert" he tried a few things and ran a script his end. It did not work, I asked to excalate the issue as it is having a major effect on my reporting (and finiancial year in 31/03) he refused to do this!?
His only solution was to manually adust the inventory to the correct qty's and values, but I have no idea how many stock lines this bug has effectived.
Absolutley not good enough from MYOB!!
- Leahdaz3 years agoExperienced Cover User
Thank you for your comment, I feel your pain. I was hoping that maybe if someone had the same issue as me, they may have some tips on how to get MYOB to listen.
I also spent time with a so called "inventory expert" and before he even looked at the issue informed me that I would prob have to start a new file. After our conversation I then called back and asked for a second opinion, but still nothing, and they will not let you talk to anyone that is further up in the support desk.
I have asked that it be sent off for a data repair as it has to be something to do with the program and they will not do it.
I explained that it is unacceptable that my reconciliation reports were out of balance and for previously CLOSED financial years and that this issue needs to be resolved. Both support rep's told me this didn't matter and that it wouldn't matter come EOFY and to do a Journal to rectify the problem, if I wanted to. I was speechless, the suggested solution showed lack of real business and accounting knowledge....
This is more than unacceptable. I am losing faith in MYOB and in the so called support team.
Good Luck, and hope you have more luck than I have with MYOB
- Komal_S3 years agoMYOB Staff
Sorry to hear you weren't happy with the workarounds provided.Leahdaz For your issue, as you mentioned you were able to identify the date at which the out of balance occurred, are you able to generate 3 reports, one for the time period before the offending date, one report just for the date the out of balance occurred, and one after the out of balance till future. Once that is done, please follow the steps in this help article as it has reasons mentioned for inventory out of balance situations.
If you have already followed the workarounds in those help articles, attach all the three reports here and also confirm the item number that is causing the out-of-balance.NimrodEng The first thing to check would be if those items are still active in the current financial year and if yes, does doing an adjustment for one item fix the issue? If not, please start a new forum post with the reports showing the current quantity and value for those items and what should be their actual value so we can investigate further.
- Leahdaz3 years agoExperienced Cover User
Thank you for your response Komal_S & NimrodEng
The important part to note and the one I can't seem to get MYOB to understand is .... This is not an error that I can fix as this relates to closed financial periods, hence me trying to get MYOB to see if it is a program or report error. To me this is an error in the Inventory data base or the inventory reconciliation report query function why else would the “Account balance” remain correct but the “Item balance” change when I compare it to old backups, I have tracked this back pre-2015.
This error did not appear until Feb 2022, and I know all the reports to look at and have also walked through them with MYOB. Its is nothing to do with the processing of any transactions.
I also note this morning I have received an email from MYOB "We've identified an error with your cost of goods calculation" this error is affecting all customers using inventory...." , so if myself and NimrodEng have an issue with CLOSED and LOCKED financial years inventory amounts changing that maybe MYOB should take our issue seriously not tell me to simply start a new company file.
As discussed, starting a new company file is not an acceptable solution and it’s also not the first time that MYOB has had issues, so I can say that If I am going to go to the trouble of starting a new company file then there is no way I will stay with MYOB as the Technical Support team don't seem to want to investigate issues if they get to hard.
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